Comcast Co. (NASDAQ:CMCSA) Holdings Trimmed by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,880 shares of the cable giant’s stock after selling 598 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Comcast were worth $1,310,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Morgan Stanley boosted its position in shares of Comcast by 15.2% in the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after purchasing an additional 7,084,451 shares during the period. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at $1,798,173,000. Northern Trust Corp boosted its position in shares of Comcast by 0.3% in the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Comcast by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock valued at $1,245,022,000 after purchasing an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Comcast by 1.1% in the 1st quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock valued at $1,987,094,000 after purchasing an additional 473,150 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMCSA. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities lifted their price objective on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Finally, BNP Paribas reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.50.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.62 during mid-day trading on Thursday, reaching $39.61. 3,347,863 shares of the company were exchanged, compared to its average volume of 20,446,473. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The company has a fifty day moving average of $41.89 and a 200 day moving average of $42.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market cap of $157.33 billion, a PE ratio of 10.65, a PEG ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. Comcast’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

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.