Comcast Corporation $CMCSA Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 22.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,275 shares of the cable giant’s stock after selling 22,065 shares during the period. First Citizens Bank & Trust Co.’s holdings in Comcast were worth $2,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC increased its position in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the period. Spire Wealth Management increased its position in Comcast by 9.7% during the first quarter. Spire Wealth Management now owns 33,417 shares of the cable giant’s stock worth $1,233,000 after buying an additional 2,966 shares during the period. Golden State Wealth Management LLC increased its position in Comcast by 385.3% during the first quarter. Golden State Wealth Management LLC now owns 18,540 shares of the cable giant’s stock worth $684,000 after buying an additional 14,720 shares during the period. Omnia Family Wealth LLC increased its position in Comcast by 23.1% during the first quarter. Omnia Family Wealth LLC now owns 12,265 shares of the cable giant’s stock worth $453,000 after buying an additional 2,301 shares during the period. Finally, Phillips Wealth Planners LLC increased its position in Comcast by 19.9% during the first quarter. Phillips Wealth Planners LLC now owns 20,106 shares of the cable giant’s stock worth $678,000 after buying an additional 3,331 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3%

Comcast stock opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31. The company has a market cap of $108.18 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The stock’s 50 day moving average price is $32.01 and its 200 day moving average price is $33.55.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion for the quarter. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein lowered their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. The Goldman Sachs Group lowered their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. UBS Group set a $43.00 target price on Comcast in a research note on Friday, October 3rd. Finally, Benchmark reiterated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.76.

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.