Comcast Corporation $CMCSA Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 728,955 shares of the cable giant's stock after selling 63,655 shares during the period. Fifth Third Bancorp's holdings in Comcast were worth $26,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisor OS LLC increased its position in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after acquiring an additional 8,841 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Comcast by 10.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after purchasing an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new position in Comcast in the first quarter valued at about $335,000. DAVENPORT & Co LLC lifted its stake in shares of Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its stake in shares of Comcast by 49.5% during the first quarter. Kestra Investment Management LLC now owns 71,331 shares of the cable giant's stock worth $2,632,000 after purchasing an additional 23,607 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Loop Capital cut their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Monday. Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They set a "sector perform" rating and a $38.00 target price for the company. Citigroup reiterated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued 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 a consensus price target of $40.19.

Comcast Trading Down 0.0%

Shares of NASDAQ CMCSA opened at $31.61 on Thursday. Comcast Corporation has a 12-month low of $31.03 and a 12-month high of $45.31. The company has a market cap of $116.71 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock's 50 day simple moving average is $33.25 and its 200 day simple moving average is $34.38.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. Comcast's dividend payout ratio (DPR) is 21.82%.

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.

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