Comcast Co. (NASDAQ:CMCSA) Position Trimmed by UMB Bank n.a.

UMB Bank n.a. trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,420 shares of the cable giant’s stock after selling 6,672 shares during the quarter. UMB Bank n.a.’s holdings in Comcast were worth $11,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the fourth quarter worth about $1,654,000. Golden State Wealth Management LLC bought a new stake in shares of Comcast during the 4th quarter worth about $143,000. Northstar Group Inc. increased its holdings in shares of Comcast by 5.6% during the 4th quarter. Northstar Group Inc. now owns 7,575 shares of the cable giant’s stock valued at $284,000 after acquiring an additional 403 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of Comcast by 2.4% in the 4th quarter. Joel Isaacson & Co. LLC now owns 166,295 shares of the cable giant’s stock valued at $6,241,000 after acquiring an additional 3,821 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Comcast stock opened at $34.70 on Friday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $34.39 and a 200 day simple moving average of $36.38. The company has a market capitalization of $129.56 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. On average, sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.80%. Comcast’s dividend payout ratio is 32.43%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer lowered their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Citigroup cut their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

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.