Spinnaker Trust Purchases 340 Shares of Comcast Co. (NASDAQ:CMCSA)

Spinnaker Trust raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,306 shares of the cable giant’s stock after purchasing an additional 340 shares during the quarter. Spinnaker Trust’s holdings in Comcast were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CMCSA. AMF Tjanstepension AB lifted its position in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Comcast by 5.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock worth $329,000 after acquiring an additional 390 shares during the last quarter. Creative Planning lifted its holdings in shares of Comcast by 2.7% in the 3rd quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock worth $40,080,000 after acquiring an additional 24,968 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Comcast by 5.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,166 shares of the cable giant’s stock worth $675,000 after acquiring an additional 781 shares during the last quarter. Finally, SPC Financial Inc. lifted its holdings in shares of Comcast by 3.2% in the 3rd quarter. SPC Financial Inc. now owns 12,634 shares of the cable giant’s stock worth $528,000 after acquiring an additional 393 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.0 %

NASDAQ:CMCSA opened at $35.39 on Friday. The firm’s 50-day moving average price is $37.08 and its 200-day moving average price is $39.76. The company has a market capitalization of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. Comcast’s dividend payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMCSA shares. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barclays decreased their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Pivotal Research lifted their target price 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. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now 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 disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.