Intrust Bank NA Buys 4,663 Shares of Comcast Corporation $CMCSA

Intrust Bank NA lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 14.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,445 shares of the cable giant’s stock after acquiring an additional 4,663 shares during the quarter. Intrust Bank NA’s holdings in Comcast were worth $1,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC grew its position in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its stake in shares of Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the last quarter. Avalon Trust Co boosted its stake in shares of Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Comcast in the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC increased its position in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.1%

Shares of CMCSA stock opened at $27.22 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a one year low of $25.75 and a one year high of $44.03. The company’s fifty day moving average price is $29.99 and its 200-day moving average price is $32.82. The company has a market capitalization of $99.19 billion, a price-to-earnings ratio of 4.53, a PEG ratio of 1.79 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is 21.96%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMCSA. Arete dropped their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Loop Capital dropped their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 target price on shares of Comcast in a research report on Tuesday, November 4th. TD Cowen decreased their price target on shares of Comcast from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.12.

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.