Stock Yards Bank & Trust Co. Sells 8,643 Shares of Comcast Co. (NASDAQ:CMCSA)

Stock Yards Bank & Trust Co. reduced its position in Comcast Co. (NASDAQ:CMCSA) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,947 shares of the cable giant’s stock after selling 8,643 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Comcast were worth $2,409,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CMCSA. Northern Trust Corp boosted its stake in Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after acquiring an additional 1,229,374 shares in the last quarter. LSV Asset Management boosted its stake in Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after acquiring an additional 685,400 shares in the last quarter. Raymond James & Associates boosted its stake in Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Comcast by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock worth $477,070,000 after acquiring an additional 231,297 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $40.57 on Tuesday. The company’s 50 day moving average is $41.78 and its 200-day moving average is $42.68. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $161.14 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

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.