Huntington National Bank Decreases Holdings in Comcast Corporation $CMCSA

Huntington National Bank reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,492 shares of the cable giant’s stock after selling 44,663 shares during the period. Huntington National Bank’s holdings in Comcast were worth $6,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC grew its stake in Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the last quarter. Avalon Trust Co lifted its holdings in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Comcast in the second quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Comcast during the 2nd quarter worth approximately $31,000. Finally, Corsicana & Co. acquired a new position in shares of Comcast during the 3rd quarter worth approximately $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA stock opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $111.39 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81. Comcast Corporation has a one year low of $25.75 and a one year high of $37.97. The company has a 50 day moving average price of $29.86 and a 200 day moving average price of $30.03.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s payout ratio is presently 24.58%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CMCSA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Scotiabank decreased their price objective on Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research note on Friday, January 30th. Royal Bank Of Canada dropped their price objective on Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. TD Cowen cut their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $34.87.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.32% of the company’s stock.

Comcast Profile

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.