Parkside Financial Bank & Trust Has $1.23 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Parkside Financial Bank & Trust lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,360 shares of the cable giant’s stock after selling 543 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Comcast were worth $1,228,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its holdings in Comcast by 10.3% during the 4th quarter. Gilbert & Cook Inc. now owns 15,613 shares of the cable giant’s stock worth $685,000 after acquiring an additional 1,459 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in Comcast by 71.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock valued at $2,451,000 after purchasing an additional 21,112 shares during the period. Ethos Financial Group LLC boosted its stake in shares of Comcast by 5.9% in the 4th quarter. Ethos Financial Group LLC now owns 14,937 shares of the cable giant’s stock valued at $655,000 after purchasing an additional 829 shares during the last quarter. Montag A & Associates Inc. grew its position in shares of Comcast by 28.2% during the 4th quarter. Montag A & Associates Inc. now owns 7,720 shares of the cable giant’s stock worth $339,000 after buying an additional 1,700 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Comcast during the fourth quarter worth approximately $4,884,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 0.1 %

NASDAQ CMCSA traded down $0.04 on Friday, reaching $39.76. The company had a trading volume of 2,816,996 shares, compared to its average volume of 19,895,426. The company’s fifty day moving average is $39.23 and its 200-day moving average is $39.86. The firm has a market capitalization of $156.00 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Pivotal Research reduced their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. Finally, KeyCorp lowered their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $45.78.

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.