Citizens Business Bank Sells 6,054 Shares of Comcast Co. (NASDAQ:CMCSA)

Citizens Business Bank reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,175 shares of the cable giant’s stock after selling 6,054 shares during the quarter. Citizens Business Bank’s holdings in Comcast were worth $2,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Envestnet Asset Management Inc. boosted its stake in Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Comcast by 43.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after buying an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC raised its position in Comcast by 422.9% in the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after buying an additional 1,357,756 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Comcast by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after acquiring an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Comcast by 35.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank lowered their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.74 on Tuesday, reaching $38.11. 20,201,195 shares of the company’s stock traded hands, compared to its average volume of 20,876,318. The stock has a 50-day simple moving average of $41.54 and a 200-day simple moving average of $42.51. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The firm has a market cap of $151.37 billion, a PE ratio of 10.11, a P/E/G ratio of 0.95 and a beta of 0.98. 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 (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast 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.