Orrstown Financial Services Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,495 shares of the cable giant’s stock after selling 1,522 shares during the period. Orrstown Financial Services Inc.’s holdings in Comcast were worth $812,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Rockbridge Investment Management LCC bought a new position in shares of Comcast during the second quarter valued at approximately $29,000. Arlington Partners LLC bought a new position in Comcast in the fourth quarter worth $30,000. Planned Solutions Inc. bought a new position in Comcast in the third quarter worth $32,000. MBM Wealth Consultants LLC raised its holdings in Comcast by 79.6% in the third quarter. MBM Wealth Consultants LLC now owns 817 shares of the cable giant’s stock worth $38,000 after purchasing an additional 362 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. bought a new position in Comcast in the third quarter worth $41,000. Institutional investors own 82.56% of the company’s stock.

A number of equities research analysts have recently commented on CMCSA shares. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Tuesday, January 5th. Smith Barney Citigroup raised their target price on Comcast from $52.00 to $54.00 in a research report on Tuesday, November 10th. ValuEngine cut Comcast from a “hold” rating to a “sell” rating in a research report on Friday, December 11th. Morgan Stanley reaffirmed a “top pick” rating and issued a $62.00 price objective (up previously from $57.00) on shares of Comcast in a research note on Wednesday, December 16th. Finally, Credit Suisse Group raised their price objective on Comcast from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.57.

NASDAQ:CMCSA traded up $0.15 during trading hours on Wednesday, reaching $50.16. The stock had a trading volume of 15,295,662 shares, compared to its average volume of 20,021,383. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $52.49. The company has a 50 day moving average price of $51.22 and a two-hundred day moving average price of $45.87. The stock has a market capitalization of $229.50 billion, a PE ratio of 22.41, a PEG ratio of 1.77 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 29th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $25.53 billion for the quarter, compared to the consensus estimate of $24.73 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that Comcast Co. will post 2.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, January 5th. Comcast’s payout ratio is 29.39%.

In other news, CEO Jeff Shell sold 5,582 shares of Comcast stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total value of $285,965.86. Following the completion of the transaction, the chief executive officer now owns 348,167 shares in the company, valued at approximately $17,836,595.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.14% of the stock is currently owned by insiders.

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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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