Central Bank & Trust Co. Sells 24,703 Shares of Comcast Co. (NASDAQ:CMCSA)

Central Bank & Trust Co. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,270 shares of the cable giant's stock after selling 24,703 shares during the period. Central Bank & Trust Co.'s holdings in Comcast were worth $2,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Sculati Wealth Management LLC grew its stake in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the period. Kovack Advisors Inc. boosted its holdings in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares in the last quarter. Beck Mack & Oliver LLC grew its position in Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after buying an additional 300 shares during the period. Cypress Wealth Services LLC increased its holdings in Comcast by 1.7% in the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after buying an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. lifted its position in shares of Comcast by 3.3% during the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMCSA. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

Shares of CMCSA opened at $34.70 on Friday. 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 company has a market capitalization of $129.56 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The business has a 50-day moving average of $34.39 and a 200-day moving average of $36.38. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.

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