Comcast Co. (NASDAQ:CMCSA) Holdings Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,281,698 shares of the cable giant’s stock after acquiring an additional 8,646 shares during the period. Comcast accounts for 5.6% of Wilmington Savings Fund Society FSB’s portfolio, making the stock its largest holding. Wilmington Savings Fund Society FSB owned 0.22% of Comcast worth $310,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC lifted its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the third quarter valued at about $30,000. McClarren Financial Advisors Inc. boosted 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 acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of Comcast by 220.3% during 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 in the last quarter. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $34.37 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The firm has a market capitalization of $131.52 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.23 and a beta of 1.00. The company has a 50-day moving average of $37.89 and a 200 day moving average of $39.89. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts expect that Comcast Co. will post 4.4 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. 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 3.84%. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Insiders Place Their Bets

In related 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 transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 completion of the transaction, 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. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CMCSA shares. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Rosenblatt Securities dropped their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. 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 stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.