Park National Corp OH Sells 7,126 Shares of Comcast Co. (NASDAQ:CMCSA)

Park National Corp OH decreased its position in Comcast Co. (NASDAQ:CMCSA) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 30,500 shares of the cable giant’s stock after selling 7,126 shares during the quarter. Park National Corp OH’s holdings in Comcast were worth $1,145,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Range Financial Group LLC bought a new position in Comcast in the 4th quarter valued at $245,000. Diversified Trust Co increased its stake in shares of Comcast by 7.3% in the fourth quarter. Diversified Trust Co now owns 223,567 shares of the cable giant’s stock valued at $8,390,000 after buying an additional 15,305 shares in the last quarter. Bangor Savings Bank raised its holdings in shares of Comcast by 1.9% in the fourth quarter. Bangor Savings Bank now owns 20,690 shares of the cable giant’s stock valued at $776,000 after buying an additional 385 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its position in Comcast by 12.0% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 22,724 shares of the cable giant’s stock worth $853,000 after buying an additional 2,431 shares in the last quarter. Finally, Kozak & Associates Inc. grew its holdings in Comcast by 8.9% during the 4th quarter. Kozak & Associates Inc. now owns 4,000 shares of the cable giant’s stock worth $151,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

Shares of CMCSA stock opened at $37.17 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.24 and a 12-month high of $47.11. The firm has a fifty day moving average of $40.96 and a 200-day moving average of $40.27. The firm has a market capitalization of $142.23 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (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 the consensus estimate 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 company earned $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.34%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.