Comcast Co. (NASDAQ:CMCSA) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 27.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,282,706 shares of the cable giant's stock after selling 481,168 shares during the period. Fifth Third Bancorp's holdings in Comcast were worth $55,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant's stock worth $4,725,926,000 after acquiring an additional 15,625,543 shares in the last quarter. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth about $2,542,988,000. Northern Trust Corp boosted its stake in shares of Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant's stock worth $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Comcast by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant's stock worth $1,603,786,000 after acquiring an additional 1,229,374 shares in the last quarter. Finally, Harris Associates L P boosted its stake in shares of Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant's stock worth $827,616,000 after acquiring an additional 1,854,671 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.4 %

CMCSA stock traded up $0.16 during midday trading on Thursday, hitting $38.36. The company's stock had a trading volume of 16,960,448 shares, compared to its average volume of 20,816,809. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The firm has a market capitalization of $152.36 billion, a P/E ratio of 10.15, a PEG ratio of 0.95 and a beta of 0.99. The firm has a 50-day simple moving average of $41.32 and a 200-day simple moving average of $42.41.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts' expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. As a group, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Redburn Atlantic lowered shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a research note on Friday, April 26th. Evercore ISI reaffirmed an "outperform" rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Oppenheimer reiterated an "outperform" rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average price target of $49.60.

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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