Bahl & Gaynor Inc. Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Bahl & Gaynor Inc. decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,709 shares of the cable giant’s stock after selling 3,817 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Comcast were worth $5,016,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Luken Investment Analytics LLC boosted its stake in shares of Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 418 shares during the last quarter. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast in the 4th quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in shares of Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after buying an additional 593 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is currently owned by insiders.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.83 during trading on Tuesday, hitting $38.70. 22,666,211 shares of the stock were exchanged, compared to its average volume of 20,438,586. The company’s fifty day simple moving average is $38.60 and its 200-day simple moving average is $40.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $151.84 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.20%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several analyst reports. Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Citigroup reduced their price target on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average price target of $48.53.

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.