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

Citizens Business Bank decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,175 shares of the cable giant’s stock after selling 6,054 shares during the period. Citizens Business Bank’s holdings in Comcast were worth $2,946,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in Comcast during the 4th quarter worth approximately $37,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Comcast during the 4th quarter worth approximately $44,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BNP Paribas reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Wells Fargo & Company lowered their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday. Evercore ISI reiterated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Trading Down 1.9 %

NASDAQ:CMCSA traded down $0.74 on Tuesday, reaching $38.11. 20,201,195 shares of the stock traded hands, compared to its average volume of 20,876,318. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company’s 50 day moving average is $41.54 and its 200-day moving average is $42.51. The firm has a market capitalization of $151.37 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal 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.