First Bancorp Inc ME Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

First Bancorp Inc ME reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,002 shares of the cable giant’s stock after selling 1,154 shares during the quarter. First Bancorp Inc ME’s holdings in Comcast were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the third quarter worth about $30,000. Iron Horse Wealth Management LLC raised its stake in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. 84.32% of the stock is currently 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 stock in a transaction 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $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 Trading Up 0.4 %

NASDAQ CMCSA opened at $37.62 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 firm has a market cap of $143.95 billion, a PE ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm’s fifty day moving average is $39.31 and its two-hundred day moving average is $40.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 analyst estimates of $31.78 billion. During the same period in the previous year, the business posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on CMCSA shares. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.