Canandaigua National Bank & Trust Co. Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Canandaigua National Bank & Trust Co. lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,529 shares of the cable giant’s stock after selling 8,879 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Comcast were worth $2,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Koshinski Asset Management Inc. grew its holdings in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC boosted its holdings in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares during the period. Abich Financial Wealth Management LLC raised its position in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Finally, Greenwich Wealth Management LLC grew its position in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.5 %

Shares of NASDAQ CMCSA traded down $0.18 during trading on Monday, hitting $37.49. 25,001,529 shares of the company traded hands, compared to its average volume of 21,030,566. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $143.46 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a 50-day moving average price of $41.25 and a 200-day moving average price of $40.30. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMCSA shares. Macquarie restated a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research report on Monday. Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp boosted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company 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.