Northwest Bank & Trust Co Makes New $791,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Northwest Bank & Trust Co purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,047 shares of the cable giant’s stock, valued at approximately $791,000.

Other large investors also recently made changes to their positions in the company. OLD Point Trust & Financial Services N A bought a new stake in Comcast during the 4th quarter worth about $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at $32,000. Tennessee Valley Asset Management Partners acquired a new position in Comcast during the fourth quarter worth $34,000. Lipe & Dalton bought a new stake in Comcast during the fourth quarter worth $37,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Comcast in the fourth quarter valued at $40,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4 %

Shares of Comcast stock traded down $0.14 during midday trading on Friday, reaching $37.44. The company had a trading volume of 12,692,458 shares, compared to its average volume of 16,252,715. The stock has a fifty day moving average price of $39.06 and a 200 day moving average price of $41.68. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a market cap of $146.90 billion, a PE ratio of 9.90, a P/E/G ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.31%. Comcast’s dividend payout ratio is currently 32.80%.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. Macquarie decreased their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.83.

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.