Comcast Co. (NASDAQ:CMCSA) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,360 shares of the cable giant’s stock after selling 543 shares during the period. Parkside Financial Bank & Trust’s holdings in Comcast were worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP acquired a new stake in Comcast during the fourth quarter valued at approximately $2,056,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Comcast by 3.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 11,304,304 shares of the cable giant’s stock valued at $495,694,000 after acquiring an additional 368,685 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its position in shares of Comcast by 10.3% during the fourth quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after purchasing an additional 1,459 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI decreased their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.78.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.04 during trading on Friday, hitting $39.76. The company’s stock had a trading volume of 2,816,996 shares, compared to its average volume of 19,895,426. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $156.00 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The firm has a 50 day moving average price of $39.23 and a 200 day moving average price of $39.86.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 32.80%.

About Comcast

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.