Citizens Business Bank Sells 8,202 Shares of Comcast Co. (NASDAQ:CMCSA)

Citizens Business Bank lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 12.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 57,067 shares of the cable giant’s stock after selling 8,202 shares during the quarter. Citizens Business Bank’s holdings in Comcast were worth $2,142,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Promus Capital LLC purchased a new stake in Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its position 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. Roxbury Financial LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter worth approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast during the 4th quarter valued at $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.39 on Thursday. The stock has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.97. The stock has a 50-day moving average of $35.07 and a 200 day moving average of $37.66. 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 twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS. Sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Sanford C. Bernstein set a $38.00 price target on shares of Comcast in a research note on Friday, January 31st. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

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.