OLD Second National Bank of Aurora Reduces Position in Comcast Co. (NASDAQ:CMCSA)

OLD Second National Bank of Aurora lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,124 shares of the cable giant’s stock after selling 756 shares during the period. OLD Second National Bank of Aurora’s holdings in Comcast were worth $1,263,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Davidson Capital Management Inc. boosted its holdings in Comcast by 1.7% in the 1st quarter. Davidson Capital Management Inc. now owns 52,829 shares of the cable giant’s stock valued at $2,290,000 after purchasing an additional 880 shares during the last quarter. TFG Advisers LLC boosted its holdings in Comcast by 30.8% in the 1st quarter. TFG Advisers LLC now owns 8,910 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 2,097 shares during the last quarter. SPC Financial Inc. boosted its holdings in Comcast by 4.0% in the 1st quarter. SPC Financial Inc. now owns 49,636 shares of the cable giant’s stock valued at $2,152,000 after purchasing an additional 1,903 shares during the last quarter. VeraBank N.A. boosted its holdings in Comcast by 20.3% in the 1st quarter. VeraBank N.A. now owns 9,310 shares of the cable giant’s stock valued at $404,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Catalina Capital Group LLC lifted its holdings in shares of Comcast by 107.3% in the 1st quarter. Catalina Capital Group LLC now owns 21,043 shares of the cable giant’s stock worth $912,000 after acquiring an additional 10,890 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.4 %

CMCSA stock traded up $0.51 during midday trading on Friday, reaching $38.26. 5,309,985 shares of the company’s stock traded hands, compared to its average volume of 20,281,691. The company has a market capitalization of $150.12 billion, a P/E ratio of 10.10, a PEG ratio of 0.93 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The business has a 50-day moving average price of $38.50 and a two-hundred day moving average price of $41.00.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.24%. Comcast’s payout ratio is currently 32.80%.

Insider Transactions at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CMCSA. Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Macquarie reduced their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.53.

About Comcast

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.