Morton Community Bank Sells 66,034 Shares of Comcast Co. (NASDAQ:CMCSA)

Morton Community Bank lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 91.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,160 shares of the cable giant’s stock after selling 66,034 shares during the period. Morton Community Bank’s holdings in Comcast were worth $241,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Towercrest Capital Management raised its holdings in Comcast by 43.9% during the 2nd quarter. Towercrest Capital Management now owns 6,960 shares of the cable giant’s stock worth $273,000 after purchasing an additional 2,123 shares during the last quarter. Paralel Advisors LLC raised its stake in Comcast by 4.4% during the second quarter. Paralel Advisors LLC now owns 52,656 shares of the cable giant’s stock worth $2,062,000 after buying an additional 2,210 shares during the last quarter. Insight 2811 Inc. lifted its holdings in Comcast by 19.7% in the second quarter. Insight 2811 Inc. now owns 6,646 shares of the cable giant’s stock valued at $260,000 after buying an additional 1,096 shares during the period. Hudson Edge Investment Partners Inc. boosted its position in Comcast by 16.1% during the second quarter. Hudson Edge Investment Partners Inc. now owns 152,171 shares of the cable giant’s stock valued at $5,959,000 after acquiring an additional 21,058 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Comcast during the 2nd quarter worth about $2,464,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.19 during trading hours on Friday, hitting $39.61. 18,549,208 shares of the company were exchanged, compared to its average volume of 19,988,055. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $155.41 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.01. The firm has a fifty day simple moving average of $39.24 and a 200 day simple moving average of $39.83. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 EPS. Research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio is presently 32.80%.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.78.

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.