Comcast Corporation $CMCSA Stock Sold by Keybank National Association OH

Keybank National Association OH decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 17.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,089 shares of the cable giant’s stock after selling 47,833 shares during the period. Keybank National Association OH’s holdings in Comcast were worth $5,028,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock valued at $845,919,000 after purchasing an additional 507,097 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Comcast by 4.9% in the 1st quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant’s stock valued at $390,231,000 after purchasing an additional 630,902 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Comcast by 824.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after purchasing an additional 10,359,800 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Comcast by 5.7% in the 1st quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant’s stock worth $306,227,000 after purchasing an additional 574,300 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Recent Comcast Headlines

These are some of the CMCSA headlines that stood out recently:

• Positive Sentiment: Comcast connected more than 1,400 previously unserved or underserved locations in West Virginia to multi-gigabit, symmetrical fiber through a public-private partnership supported by federal funding. The rollout expands its broadband footprint, though the near-term financial contribution is unclear. Comcast (CMCSA) Expands Rural Fiber Reach
• Neutral Sentiment: Taylor Sheridan discussed his move to NBCUniversal and the creative freedom he has earned. The interview highlights talent and content prospects but provided no specific financial guidance. Taylor Sheridan details how he earned creative freedom at NBCUniversal
• Neutral Sentiment: Wall Street analysts reportedly rate the stock “Hold,” reflecting a wait-and-see stance rather than a clear consensus on near-term upside. Comcast Stock Now Rated Hold by Wall Street Analysts

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a research report on Thursday, September 24th. KeyCorp cut Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price objective for the company. in a research report on Thursday, September 24th. Morgan Stanley cut their price objective on Comcast from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, September 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada set a $26.00 target price on Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.77.

Comcast Stock Down 0.9%

Shares of NASDAQ CMCSA opened at $24.80 on Friday. The company’s 50-day simple moving average is $22.99 and its 200-day simple moving average is $25.90. Comcast Corporation has a 52-week low of $20.48 and a 52-week high of $32.85. The firm has a market cap of $88.06 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. Comcast had a net margin of 9.20% and a return on equity of 14.64%. The firm had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $29.22 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts predict that Comcast Corporation will post 3.54 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, January 6th. Comcast’s payout ratio is presently 41.77%.

Comcast Company Profile

Comcast Corporation is a media and telecommunications company whose businesses include broadband, cable television, wireless and voice services, as well as entertainment, news and theme parks. Its Xfinity brand offers residential and business connectivity and entertainment services in the United States. Through NBCUniversal, Comcast operates the NBC broadcast network, cable channels, the Peacock streaming service, Universal Pictures and Universal theme parks. The company also owns Sky, which provides television, broadband and related services in the United Kingdom and other European markets.