Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,724 shares of the cable giant’s stock after buying an additional 2,431 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in Comcast were worth $853,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. grew its holdings in Comcast by 8.9% in the fourth quarter. Kozak & Associates Inc. now owns 4,000 shares of the cable giant’s stock valued at $151,000 after purchasing an additional 327 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of Comcast by 26.7% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 18,481 shares of the cable giant’s stock worth $693,000 after buying an additional 3,900 shares in the last quarter. Versant Capital Management Inc grew its stake in Comcast by 26.5% in the 4th quarter. Versant Capital Management Inc now owns 5,396 shares of the cable giant’s stock valued at $203,000 after acquiring an additional 1,132 shares during the last quarter. Old Port Advisors increased its holdings in Comcast by 4.9% during the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant’s stock valued at $259,000 after acquiring an additional 325 shares in the last quarter. Finally, DGS Capital Management LLC grew its position in shares of Comcast by 4.5% in the third quarter. DGS Capital Management LLC now owns 28,498 shares of the cable giant’s stock valued at $1,190,000 after purchasing an additional 1,221 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CMCSA. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Wells Fargo & Company cut their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday. Macquarie reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday. Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. 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 issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 0.5 %

NASDAQ:CMCSA traded down $0.18 on Monday, reaching $37.49. The stock had a trading volume of 25,001,529 shares, compared to its average volume of 21,030,566. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market cap of $143.46 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $41.25 and a 200 day moving average of $40.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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 analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, research analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business 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 dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated 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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.