FineMark National Bank & Trust Has $1.25 Million Stake in Comcast Co. (NASDAQ:CMCSA)

FineMark National Bank & Trust reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,365 shares of the cable giant’s stock after selling 5,152 shares during the quarter. FineMark National Bank & Trust’s holdings in Comcast were worth $1,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Promus Capital LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the 3rd quarter worth $30,000. Roxbury Financial LLC bought a new position in Comcast during the 4th quarter worth about $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at about $28,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Up 0.9 %

Shares of CMCSA stock opened at $36.94 on Wednesday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a 50 day moving average price of $35.85 and a two-hundred day moving average price of $39.04. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $139.67 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.64.

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.