Perkins Coie Trust Co Has $1.95 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Perkins Coie Trust Co lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,075 shares of the cable giant’s stock after selling 3,056 shares during the quarter. Perkins Coie Trust Co’s holdings in Comcast were worth $1,954,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC bought a new position in shares of Comcast in the 2nd quarter valued at $26,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast during the 3rd quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMCSA. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Macquarie reissued a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Wells Fargo & Company cut their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Insiders Place Their Bets

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

Comcast Trading Up 0.7 %

NASDAQ:CMCSA opened at $36.58 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a market cap of $139.97 billion, a PE ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The firm has a 50-day moving average of $39.97 and a 200-day moving average of $40.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

About Comcast

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.