Truist Financial Corp Has $187.32 Million Position in Comcast Co. (NASDAQ:CMCSA)

Truist Financial Corp lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,271,831 shares of the cable giant's stock after selling 328,369 shares during the quarter. Truist Financial Corp owned approximately 0.11% of Comcast worth $187,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast in the fourth quarter worth $37,000. First Personal Financial Services bought a new stake in shares of Comcast during the 3rd quarter worth $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Comcast during the 4th quarter worth $44,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.70 during trading on Friday, reaching $38.57. The company had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The business's 50 day moving average price is $41.58 and its 200-day moving average price is $42.57. The stock has a market cap of $153.19 billion, a PE ratio of 10.37, a PEG ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $30.06 billion during the quarter, compared to analysts' expectations of $29.83 billion. During the same period last year, the firm earned $0.92 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI reissued an "outperform" rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas restated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a research report on Friday. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.45.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is currently owned by company insiders.

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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