Keybank National Association OH Sells 51,223 Shares of Comcast Corporation $CMCSA

Keybank National Association OH cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,127 shares of the cable giant’s stock after selling 51,223 shares during the quarter. Keybank National Association OH’s holdings in Comcast were worth $13,888,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC raised its stake in shares of Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Comcast in the first quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in shares of Comcast in the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC raised its stake in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Loop Capital lowered their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. KeyCorp lowered Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday. Royal Bank Of Canada assumed coverage on Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Arete reduced their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Barclays reduced their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.52.

Comcast Trading Down 4.2%

Shares of CMCSA stock opened at $27.32 on Friday. The company’s fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $33.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $45.31. The stock has a market capitalization of $100.87 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 1.69 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.34 billion for the quarter. As a group, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio is presently 21.82%.

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.