Commonwealth Equity Services LLC Purchases 58,785 Shares of Comcast Co. (NASDAQ:CMCSA)

Commonwealth Equity Services LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% in the third quarter, Holdings Channel reports. The fund owned 1,040,565 shares of the cable giant’s stock after buying an additional 58,785 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Comcast were worth $43,464,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. ST Germain D J Co. Inc. raised its position in Comcast by 2.4% during the third quarter. ST Germain D J Co. Inc. now owns 39,563 shares of the cable giant’s stock valued at $1,653,000 after purchasing an additional 937 shares during the period. First Citizens Bank & Trust Co. increased its position in Comcast by 50.3% during the third quarter. First Citizens Bank & Trust Co. now owns 105,811 shares of the cable giant’s stock valued at $4,420,000 after acquiring an additional 35,407 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Comcast by 28.0% in the third quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant’s stock valued at $1,926,000 after acquiring an additional 10,081 shares during the period. Blue Trust Inc. lifted its holdings in shares of Comcast by 15.8% in the 3rd quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant’s stock worth $1,797,000 after acquiring an additional 6,274 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its stake in Comcast by 5.3% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 722,196 shares of the cable giant’s stock worth $30,166,000 after purchasing an additional 36,654 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $41.93 on Monday. The firm has a market capitalization of $164.52 billion, a PE ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm’s 50-day moving average price is $40.30 and its 200 day moving average price is $39.44.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the business earned $1.13 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group began coverage on Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. KeyCorp lowered their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Pivotal Research lowered their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $45.58.

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.