M&T Bank Corp Sells 26,550 Shares of Comcast Co. (NASDAQ:CMCSA)

M&T Bank Corp cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,606,695 shares of the cable giant’s stock after selling 26,550 shares during the period. M&T Bank Corp’s holdings in Comcast were worth $70,453,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Northern Trust Corp grew its holdings in Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the period. LSV Asset Management lifted its position in shares of Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after acquiring an additional 685,400 shares in the last quarter. Raymond James & Associates lifted its position in shares of Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Comcast by 5.4% during the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Comcast by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock worth $477,070,000 after acquiring an additional 231,297 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. BNP Paribas reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Finally, Citigroup dropped their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Trading Up 0.9 %

Shares of CMCSA traded up $0.33 during trading hours on Friday, hitting $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The firm has a market cap of $153.67 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.97 and a beta of 0.99. The stock’s 50 day moving average price is $41.26 and its 200 day moving average price is $42.38. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, research analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Comcast Company 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.