Atwater Malick LLC Has $3.71 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Atwater Malick LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% in the 4th quarter, HoldingsChannel reports. The firm owned 98,821 shares of the cable giant’s stock after selling 10,693 shares during the quarter. Comcast accounts for 1.2% of Atwater Malick LLC’s portfolio, making the stock its 22nd largest holding. Atwater Malick LLC’s holdings in Comcast were worth $3,709,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $26,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.58 on Friday. The stock has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The firm’s 50-day simple moving average is $40.11 and its 200 day simple moving average is $40.18. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company lowered their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.