Intrust Bank NA Buys 3,088 Shares of Comcast Co. (NASDAQ:CMCSA)

Intrust Bank NA raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,896 shares of the cable giant’s stock after purchasing an additional 3,088 shares during the quarter. Intrust Bank NA’s holdings in Comcast were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management grew its holdings in shares of Comcast by 8.4% during the third quarter. Brookstone Capital Management now owns 148,778 shares of the cable giant’s stock worth $6,408,000 after buying an additional 11,489 shares in the last quarter. Corundum Trust Company INC bought a new position in Comcast during the third quarter worth about $210,000. Edmp Inc. boosted its stake in shares of Comcast by 7.1% in the third quarter. Edmp Inc. now owns 24,187 shares of the cable giant’s stock valued at $1,072,000 after buying an additional 1,612 shares during the period. Accurate Wealth Management LLC increased its position in shares of Comcast by 17.9% in the third quarter. Accurate Wealth Management LLC now owns 14,466 shares of the cable giant’s stock worth $642,000 after purchasing an additional 2,193 shares during the period. Finally, Vicus Capital raised its position in shares of Comcast by 133.4% in the 3rd quarter. Vicus Capital now owns 14,001 shares of the cable giant’s stock valued at $621,000 after buying an additional 8,002 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Trading Down 2.2 %

CMCSA traded down $0.87 during midday trading on Tuesday, reaching $37.98. 1,622,706 shares of the company’s stock traded hands, compared to its average volume of 20,641,945. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a fifty day moving average of $41.54 and a two-hundred day moving average of $42.51. The stock has a market capitalization of $150.85 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. On average, equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast 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.