Parkside Financial Bank & Trust Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Parkside Financial Bank & Trust reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,117 shares of the cable giant’s stock after selling 395 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Comcast were worth $1,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van Cleef Asset Management Inc boosted its stake in shares of Comcast by 7.2% in the fourth quarter. Van Cleef Asset Management Inc now owns 286,186 shares of the cable giant’s stock valued at $10,741,000 after buying an additional 19,127 shares in the last quarter. A&I Financial Services LLC acquired a new position in Comcast during the fourth quarter worth $216,000. QRG Capital Management Inc. raised its holdings in Comcast by 1.1% during the fourth quarter. QRG Capital Management Inc. now owns 690,482 shares of the cable giant’s stock worth $25,914,000 after purchasing an additional 7,278 shares during the last quarter. Brueske Advisory Services LLC acquired a new position in Comcast during the fourth quarter worth $244,000. Finally, Versor Investments LP acquired a new position in Comcast during the fourth quarter worth $1,374,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $35.39 on Friday. The company has a market cap of $133.81 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business has a fifty day simple moving average of $36.37 and a 200-day simple moving average of $39.49.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Pivotal Research boosted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.83.

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.