Penobscot Investment Management Company Inc. Sells 14,110 Shares of Comcast Co. (NASDAQ:CMCSA)

Penobscot Investment Management Company Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 28.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,960 shares of the cable giant’s stock after selling 14,110 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Comcast were worth $1,312,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CMCSA. Raymond James Financial Inc. bought a new stake in Comcast in the 4th quarter worth about $743,681,000. Amundi boosted its holdings in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Comcast by 7.1% during the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after purchasing an additional 2,270,186 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMCSA. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reduced their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. UBS Group dropped their target price on Comcast from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Ten 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Stock Performance

NASDAQ:CMCSA opened at $37.37 on Thursday. The stock has a 50-day moving average price of $35.87 and a 200 day moving average price of $39.02. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market capitalization of $141.30 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 net margin of 13.09% and a return on equity of 19.98%. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.53%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 31.81%.

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.