Comcast Corporation $CMCSA Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 20.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,841 shares of the cable giant’s stock after selling 6,949 shares during the period. Bahl & Gaynor Inc.’s holdings in Comcast were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CMCSA. Foster Group Inc. lifted its holdings in Comcast by 4.0% in the second quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the period. Argyle Capital Management LLC increased its holdings in shares of Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after purchasing an additional 300 shares in the last quarter. Clearstead Trust LLC lifted its stake in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after purchasing an additional 305 shares during the period. Webster Bank N. A. lifted its stake in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares during the period. Finally, United Asset Strategies Inc. boosted its holdings in Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after buying an additional 308 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of research reports. Zacks Research downgraded shares of Comcast from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Loop Capital dropped their price objective on Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, TD Cowen cut their price target on Comcast from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $35.92.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $27.35 on Monday. The company has a 50-day simple moving average of $29.48 and a 200-day simple moving average of $32.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $99.66 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $44.03.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast’s dividend payout ratio (DPR) is 21.96%.

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.