Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 34.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,149 shares of the cable giant’s stock after acquiring an additional 554 shares during the period. Indiana Trust & Investment Management CO’s holdings in Comcast were worth $93,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Capital World Investors lifted its holdings in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares in the last quarter. Norges Bank purchased a new position in Comcast during the fourth quarter worth approximately $2,542,988,000. Harris Associates L P boosted its stake in Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the last quarter. LSV Asset Management grew its holdings in Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Comcast by 2.3% in the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by insiders.

Analysts Set New Price Targets

CMCSA has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and an average target price of $48.62.

Comcast Price Performance

CMCSA stock opened at $39.16 on Friday. The business’s 50-day moving average is $38.71 and its two-hundred day moving average is $41.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $153.65 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.95 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share 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 firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.