OLD Second National Bank of Aurora Reduces Stake in Comcast Corporation $CMCSA

OLD Second National Bank of Aurora decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,046 shares of the cable giant’s stock after selling 625 shares during the period. OLD Second National Bank of Aurora’s holdings in Comcast were worth $894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter valued at about $26,000. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in Comcast by 906.8% in 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 during the period. Abound Financial LLC bought a new position in Comcast in the 1st quarter valued at $29,000. Finally, Ransom Advisory Ltd bought a new position in Comcast in the 1st quarter valued at $29,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CMCSA shares. The Goldman Sachs Group cut their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, September 24th. Rothschild & Co Redburn reduced their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Loop Capital reduced their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, Benchmark reiterated a “buy” rating on shares of Comcast in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have given 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 $40.07.

Comcast Price Performance

Shares of Comcast stock opened at $30.40 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a one year low of $30.38 and a one year high of $45.31. The stock has a market capitalization of $112.24 billion, a P/E ratio of 5.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The business’s 50 day simple moving average is $32.79 and its two-hundred day simple moving average is $34.20.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s dividend payout ratio is 21.82%.

About Comcast

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.