Farmers National Bank Decreases Stake in Comcast Corporation $CMCSA

Farmers National Bank trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,163 shares of the cable giant’s stock after selling 23,019 shares during the period. Farmers National Bank’s holdings in Comcast were worth $2,456,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Comcast in the 4th quarter worth approximately $27,000. United Financial Planning Group LLC purchased a new stake in Comcast in the 3rd quarter worth approximately $28,000. Olistico Wealth LLC acquired a new position in Comcast in the 4th quarter valued at $29,000. Finally, Richardson Financial Services Inc. raised its holdings in Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. Morgan Stanley raised their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Moffett Nathanson reduced their target price on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. Finally, Evercore lifted 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. Nine investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.50.

Comcast Stock Performance

NASDAQ:CMCSA opened at $22.43 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a one year low of $22.38 and a one year high of $36.66. The business’s 50-day simple moving average is $25.83 and its 200 day simple moving average is $28.19. The stock has a market cap of $80.13 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. As a group, sell-side analysts predict that Comcast Corporation will post 3.53 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.9%. Comcast’s dividend payout ratio is currently 25.98%.

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.