Nixon Peabody Trust Co. Has $15.74 Million Position in Comcast Co. (NASDAQ:CMCSA)

Nixon Peabody Trust Co. increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 868.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 358,887 shares of the cable giant’s stock after purchasing an additional 321,812 shares during the period. Comcast makes up 1.8% of Nixon Peabody Trust Co.’s portfolio, making the stock its 18th biggest position. Nixon Peabody Trust Co.’s holdings in Comcast were worth $15,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast in the fourth quarter valued at approximately $37,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC bought a new stake in Comcast during the 4th quarter worth approximately $44,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4 %

Shares of NASDAQ:CMCSA traded down $0.14 during trading on Friday, reaching $38.54. The stock had a trading volume of 14,375,214 shares, compared to its average volume of 20,521,033. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s fifty day moving average is $40.29 and its 200 day moving average is $42.07. The stock has a market cap of $151.22 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.22%. Comcast’s payout ratio is currently 32.80%.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CMCSA shares. Citigroup decreased their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. Finally, Wells Fargo & Company reduced their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

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.