Huntington National Bank Trims Stock Position in Comcast Corporation $CMCSA

Huntington National Bank cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,672 shares of the cable giant’s stock after selling 35,820 shares during the quarter. Huntington National Bank’s holdings in Comcast were worth $4,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Capital Research Global Investors increased its stake in Comcast by 46.1% during the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after acquiring an additional 10,633,206 shares during the last quarter. State Street Corp increased its stake in Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after acquiring an additional 7,917,335 shares during the last quarter. SG Americas Securities LLC increased its stake in Comcast by 2,970.5% during the fourth quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after acquiring an additional 7,153,895 shares during the last quarter. Two Sigma Investments LP increased its stake in Comcast by 1,356.2% during the third quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after acquiring an additional 6,105,867 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in Comcast by 554.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after acquiring an additional 4,240,876 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. TD Cowen dropped their price target on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Rosenblatt Securities restated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Finally, UBS Group dropped their price target on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.79.

Comcast Stock Down 0.2%

NASDAQ CMCSA opened at $25.16 on Friday. The stock has a market cap of $89.88 billion, a PE ratio of 4.95, a P/E/G ratio of 2.03 and a beta of 0.71. Comcast Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $36.66. The business has a 50 day moving average price of $27.33 and a two-hundred day moving average price of $28.57. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 3.58 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.