Comcast Co. (NASDAQ:CMCSA) Shares Sold by Community Bank N.A.

Community Bank N.A. cut its position in Comcast Co. (NASDAQ:CMCSA) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,726 shares of the cable giant’s stock after selling 1,458 shares during the period. Community Bank N.A.’s holdings in Comcast were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CMCSA. Meridian Wealth Management LLC boosted its stake in shares of Comcast by 94.8% in the third quarter. Meridian Wealth Management LLC now owns 14,325 shares of the cable giant’s stock worth $598,000 after acquiring an additional 6,972 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Comcast by 15.0% in the third quarter. Cerity Partners LLC now owns 1,156,427 shares of the cable giant’s stock worth $48,304,000 after acquiring an additional 150,474 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $5,001,000. StoneX Group Inc. boosted its stake in Comcast by 1.8% during the third quarter. StoneX Group Inc. now owns 40,386 shares of the cable giant’s stock worth $1,687,000 after buying an additional 696 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Comcast by 3.3% during the third quarter. Penserra Capital Management LLC now owns 49,636 shares of the cable giant’s stock worth $2,072,000 after buying an additional 1,566 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.75 on Monday. The stock’s 50-day moving average is $35.83 and its two-hundred day moving average is $39.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a market cap of $138.95 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. 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 issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.59%. Comcast’s dividend payout ratio is 31.81%.

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.