Tompkins Financial Corp Has $148,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Tompkins Financial Corp lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the cable giant’s stock after selling 1,618 shares during the quarter. Tompkins Financial Corp’s holdings in Comcast were worth $148,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Comcast by 5.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock valued at $34,211,000 after buying an additional 41,592 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Comcast by 2.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 137,085 shares of the cable giant’s stock worth $5,368,000 after acquiring an additional 2,629 shares during the last quarter. Blair William & Co. IL lifted its position in Comcast by 197.4% in the 2nd quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock valued at $14,809,000 after acquiring an additional 251,008 shares in the last quarter. Sienna Gestion boosted its stake in Comcast by 0.6% during the 2nd quarter. Sienna Gestion now owns 294,443 shares of the cable giant’s stock valued at $11,525,000 after purchasing an additional 1,794 shares during the last quarter. Finally, WCG Wealth Advisors LLC increased its holdings in Comcast by 6.8% during the 2nd quarter. WCG Wealth Advisors LLC now owns 79,079 shares of the cable giant’s stock worth $3,097,000 after purchasing an additional 5,062 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 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. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.5 %

Shares of Comcast stock opened at $36.31 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $138.94 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock’s 50-day simple moving average is $40.27 and its 200 day simple moving average is $40.20.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.33.

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.