Comcast Co. (CMCSA) Position Decreased by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,567 shares of the cable giant’s stock after selling 435 shares during the period. First Financial Bank Trust Division’s holdings in Comcast were worth $1,302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dodge & Cox increased its stake in Comcast by 0.4% during the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock valued at $4,692,759,000 after purchasing an additional 509,730 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Comcast during the 3rd quarter valued at approximately $11,180,000. Neuberger Berman Group LLC increased its stake in Comcast by 19.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 12,591,590 shares of the cable giant’s stock valued at $445,818,000 after purchasing an additional 2,066,565 shares in the last quarter. Teachers Advisors LLC increased its stake in Comcast by 6.3% during the 3rd quarter. Teachers Advisors LLC now owns 9,457,844 shares of the cable giant’s stock valued at $334,902,000 after purchasing an additional 557,005 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Comcast by 11.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 23,391,158 shares of the cable giant’s stock valued at $828,281,000 after purchasing an additional 2,323,325 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CMCSA opened at $42.43 on Monday. The firm has a market capitalization of $197.07 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $42.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 2.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. Comcast’s dividend payout ratio is 32.94%.

A number of research analysts have issued reports on CMCSA shares. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday. TD Securities upped their price target on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Credit Suisse Group restated a “buy” rating and set a $44.00 price target on shares of Comcast in a research note on Tuesday, January 22nd. Macquarie restated a “hold” rating and set a $39.00 price target on shares of Comcast in a research note on Monday, December 24th. Finally, ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.45.

In other Comcast news, EVP David L. Cohen sold 4,468 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total transaction of $187,656.00. Following the transaction, the executive vice president now directly owns 269,558 shares of the company’s stock, valued at $11,321,436. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 1,966 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $37.40, for a total transaction of $73,528.40. Following the transaction, the executive vice president now directly owns 58,578 shares in the company, valued at $2,190,817.20. The disclosure for this sale can be found here. Insiders have sold 1,290,226 shares of company stock worth $49,311,328 over the last three months. 1.31% of the stock is currently owned by insiders.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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