Park National Corp OH lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% during the second quarter, HoldingsChannel.com reports. The firm owned 64,179 shares of the cable giant’s stock after selling 4,141 shares during the period. Park National Corp OH’s holdings in Comcast were worth $2,105,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Crewe Advisors LLC bought a new stake in shares of Comcast in the fourth quarter worth $102,000. Vigilant Capital Management LLC increased its stake in shares of Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after buying an additional 2,134 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Comcast in the fourth quarter worth $126,000. Santori & Peters Inc. bought a new stake in shares of Comcast in the fourth quarter worth $126,000. Finally, Partners Capital Investment Group LLP bought a new stake in shares of Comcast in the fourth quarter worth $141,000. Institutional investors own 81.58% of the company’s stock.
CMCSA has been the subject of a number of research analyst reports. BidaskClub lowered shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 14th. UBS Group dropped their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, March 22nd. Cowen assumed coverage on shares of Comcast in a report on Monday, March 26th. They issued a “market perform” rating and a $39.00 price objective for the company. TD Securities decreased their price objective on shares of Comcast from $52.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, March 29th. Finally, ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $46.43.
In related news, SVP Daniel C. Murdock sold 916 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, the senior vice president now owns 2,120 shares of the company’s stock, valued at $70,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 1,694 shares of the company’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total transaction of $52,598.70. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.
Shares of Comcast opened at $33.17 on Tuesday, according to MarketBeat.com. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The firm has a market cap of $152.39 billion, a PE ratio of 15.26, a PEG ratio of 1.18 and a beta of 1.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. analysts anticipate that Comcast Co. will post 2.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, July 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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