Huntington National Bank Trims Stock Holdings in Comcast Corporation $CMCSA

Huntington National Bank lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 18.5% in the fourth quarter, HoldingsChannel reports. The firm owned 157,672 shares of the cable giant’s stock after selling 35,820 shares during the period. Huntington National Bank’s holdings in Comcast were worth $4,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cora Capital Advisors LLC boosted its holdings in Comcast by 3.4% in the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 362 shares during the last quarter. FSA Advisors Inc. boosted its holdings in Comcast by 5.5% in the third quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after purchasing an additional 376 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in Comcast by 7.4% in the fourth quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after purchasing an additional 377 shares during the last quarter. WPG Advisers LLC boosted its holdings in Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after purchasing an additional 384 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in Comcast by 55.7% in the fourth quarter. Addison Advisors LLC now owns 1,074 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.2%

NASDAQ:CMCSA opened at $25.16 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $27.33 and its two-hundred day moving average is $28.57. Comcast Corporation has a 52 week low of $24.53 and a 52 week high of $36.66. The company has a market cap of $89.88 billion, a PE ratio of 4.95, a P/E/G ratio of 2.03 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter last year, the business posted $1.09 EPS. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. Wall Street Zen raised Comcast to a “hold” rating in a report on Saturday, March 14th. Evercore increased their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, April 24th. UBS Group reduced their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. BNP Paribas Exane reduced their target price on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Finally, Scotiabank increased their target price on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.79.

About Comcast

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.