Comcast Corporation $CMCSA Shares Sold by Farmers National Bank

Farmers National Bank lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,163 shares of the cable giant’s stock after selling 23,019 shares during the quarter. Farmers National Bank’s holdings in Comcast were worth $2,456,000 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 stock. Winthrop Partners WNY LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $938,000. Union Savings Bank acquired a new stake in Comcast during the fourth quarter worth about $69,000. Hsbc Holdings PLC increased its position in Comcast by 43.4% during the fourth quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock worth $404,414,000 after purchasing an additional 4,175,418 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Comcast during the fourth quarter worth about $36,000. Finally, Worthington Financial Partners LLC purchased a new position in Comcast during the fourth quarter worth about $369,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada increased their price objective on Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, New Street Research decreased their price target on Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.50.

Comcast Price Performance

CMCSA stock opened at $22.43 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. Comcast Corporation has a twelve month low of $22.38 and a twelve month high of $36.66. The company’s 50 day moving average is $25.83 and its two-hundred day moving average is $28.19. The stock has a market cap of $80.13 billion, a P/E ratio of 4.42, a PEG ratio of 1.83 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. Comcast’s payout ratio is presently 25.98%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.