Central Pacific Bank Trust Division Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Central Pacific Bank Trust Division reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,824 shares of the cable giant’s stock after selling 23,559 shares during the period. Central Pacific Bank Trust Division’s holdings in Comcast were worth $2,395,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fiera Capital Corp raised its holdings in shares of Comcast by 57.8% during the second quarter. Fiera Capital Corp now owns 88,723 shares of the cable giant’s stock worth $3,474,000 after purchasing an additional 32,482 shares during the last quarter. Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the period. First National Trust Co boosted its stake in shares of Comcast by 1.9% in the second quarter. First National Trust Co now owns 39,422 shares of the cable giant’s stock worth $1,544,000 after buying an additional 730 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in Comcast by 14.1% during the second quarter. Cozad Asset Management Inc. now owns 5,547 shares of the cable giant’s stock worth $217,000 after acquiring an additional 684 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Comcast by 51.6% in the second quarter. Larson Financial Group LLC now owns 15,856 shares of the cable giant’s stock valued at $621,000 after acquiring an additional 5,399 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred 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 trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMCSA shares. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $47.39.

Comcast Stock Up 0.6 %

Shares of NASDAQ:CMCSA traded up $0.21 during trading hours on Friday, reaching $37.63. The stock had a trading volume of 6,250,501 shares, compared to its average volume of 17,412,820. The stock has a market capitalization of $143.99 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.50 and a beta of 0.99. The firm’s 50 day moving average is $41.33 and its 200-day moving average is $40.25. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. 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 (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, beating analysts’ consensus estimates of $1.06 by $0.06. The firm 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%. During the same period in the prior year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 dividend on an annualized basis and a yield of 3.30%. Comcast’s dividend payout ratio is presently 33.33%.

Comcast 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.