First Hawaiian Bank Sells 13,221 Shares of Comcast Co. (NASDAQ:CMCSA)

First Hawaiian Bank lessened its position in Comcast Co. (NASDAQ:CMCSA) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,128 shares of the cable giant’s stock after selling 13,221 shares during the quarter. First Hawaiian Bank’s holdings in Comcast were worth $6,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. raised its holdings in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC boosted its position in Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its position in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after buying an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.8 %

NASDAQ CMCSA traded up $0.30 during trading on Wednesday, hitting $37.17. The stock had a trading volume of 24,924,015 shares, compared to its average volume of 24,335,143. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 12 month low of $36.24 and a 12 month high of $47.11. The company has a market capitalization of $142.23 billion, a PE ratio of 9.99, a P/E/G ratio of 1.50 and a beta of 1.01. The company’s 50-day moving average price is $41.06 and its two-hundred day moving average price is $40.29.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.34%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on CMCSA shares. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.