Comcast Corporation $CMCSA Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,365 shares of the cable giant’s stock after selling 1,095 shares during the period. Citizens National Bank Trust Department’s holdings in Comcast were worth $1,762,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the 1st quarter valued at approximately $26,000. Global Trust Asset Management LLC raised its position in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC lifted its holdings 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 purchasing an additional 350 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the first quarter valued at about $29,000. Finally, Abound Financial LLC purchased a new stake in shares of Comcast during the first quarter worth about $29,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Comcast in a report on Saturday, September 27th. Royal Bank Of Canada assumed coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, KeyCorp reduced their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $39.94.

Comcast Trading Down 1.6%

Shares of Comcast stock opened at $30.60 on Wednesday. The stock has a 50 day moving average of $32.64 and a 200 day moving average of $34.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $112.98 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 1.83 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $30.30 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. As a group, research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

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