Citizens Business Bank Sells 8,202 Shares of Comcast Co. (NASDAQ:CMCSA)

Citizens Business Bank lowered its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,067 shares of the cable giant's stock after selling 8,202 shares during the quarter. Citizens Business Bank's holdings in Comcast were worth $2,142,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at $36,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Barclays cut their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

NASDAQ CMCSA traded up $0.03 on Friday, hitting $34.25. 16,916,562 shares of the company were exchanged, compared to its average volume of 21,898,385. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $127.88 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a 50 day moving average of $35.01 and a two-hundred day moving average of $37.54.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business posted $1.04 earnings per share. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 4.33 EPS for the current 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.