Comcast Corporation $CMCSA Shares Sold by Huntington National Bank

Huntington National Bank trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,155 shares of the cable giant’s stock after selling 29,244 shares during the period. Huntington National Bank’s holdings in Comcast were worth $8,500,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC grew its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC grew its holdings in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 1.7%

NASDAQ CMCSA opened at $27.44 on Wednesday. Comcast Corporation has a one year low of $25.75 and a one year high of $45.22. The company has a 50-day simple moving average of $31.14 and a 200-day simple moving average of $33.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $101.31 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion during the quarter. On average, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm 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 payout ratio is 21.96%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price objective (down from $39.00) on shares of Comcast in a report on Friday, October 31st. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Scotiabank reduced their price target on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Barclays reduced their price target on shares of Comcast from $34.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.29.

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.