Comcast Co. (NASDAQ:CMCSA) Shares Sold by Hancock Whitney Corp

by · The Cerbat Gem

Hancock Whitney Corp trimmed its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 32.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,440 shares of the cable giant’s stock after selling 25,090 shares during the period. Hancock Whitney Corp’s holdings in Comcast were worth $1,968,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC lifted its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast during the 4th quarter worth approximately $28,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $38,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $33.19 on Friday. The company has a market cap of $125.49 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 $31.44 and a 52 week high of $45.31. The company has a fifty day simple moving average of $35.40 and a two-hundred day simple moving average of $38.13.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd were issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.98%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CMCSA shares. Morgan Stanley lowered their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Scotiabank boosted their target price on shares of Comcast from $44.50 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, April 8th. Finally, Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Check Out Our Latest Stock Report on CMCSA

Comcast Profile

(Free Report)

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.

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