Keybank National Association OH cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% during the first quarter, HoldingsChannel.com reports. The firm owned 1,662,007 shares of the cable giant’s stock after selling 3,377 shares during the period. Keybank National Association OH’s holdings in Comcast were worth $89,932,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CMCSA. Royal Harbor Partners LLC grew its holdings in shares of Comcast by 8.8% during the fourth quarter. Royal Harbor Partners LLC now owns 39,904 shares of the cable giant’s stock valued at $2,091,000 after buying an additional 3,222 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Comcast by 62.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 7,025 shares of the cable giant’s stock valued at $368,000 after buying an additional 2,708 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in shares of Comcast by 21.3% during the fourth quarter. Meridian Wealth Management LLC now owns 5,491 shares of the cable giant’s stock valued at $287,000 after buying an additional 964 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Comcast by 19.6% during the fourth quarter. Capital Investment Advisors LLC now owns 27,858 shares of the cable giant’s stock valued at $1,460,000 after buying an additional 4,574 shares during the last quarter. Finally, Sage Mountain Advisors LLC purchased a new stake in shares of Comcast during the fourth quarter valued at $326,000. 80.54% of the stock is currently owned by institutional investors and hedge funds.
In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 3,966 shares of the stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $58.83, for a total transaction of $233,319.78. Following the completion of the sale, the director now owns 33,611 shares of the company’s stock, valued at approximately $1,977,335.13. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.
Shares of CMCSA traded up $0.04 during mid-day trading on Friday, hitting $55.08. 16,449,295 shares of the company were exchanged, compared to its average volume of 18,389,464. Comcast Co. has a 1-year low of $37.77 and a 1-year high of $59.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average of $55.44 and a 200-day moving average of $52.54. The stock has a market cap of $252.30 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.17. Comcast had a net margin of 11.25% and a return on equity of 13.75%. The firm had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 2.91 earnings per share for the current fiscal year.
CMCSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, May 4th. Truist upped their price target on shares of Comcast from $50.00 to $60.00 in a report on Friday, January 29th. Barclays upped their price target on shares of Comcast from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 1st. Credit Suisse Group upped their price target on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Finally, The Goldman Sachs Group upped their price target on shares of Comcast from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, May 6th. One equities research analyst has rated the stock with a sell rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.75.
About Comcast
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
Featured Story: Front-End Load
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).