Comcast Co. (NASDAQ:CMCSA) Shares Sold by Heritage Family Offices LLP

Heritage Family Offices LLP lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,474 shares of the cable giant’s stock after selling 290 shares during the period. Heritage Family Offices LLP’s holdings in Comcast were worth $1,148,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Steph & Co. increased its holdings in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the 2nd quarter worth $27,000. IAG Wealth Partners LLC boosted its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.3 %

Shares of NASDAQ:CMCSA opened at $42.25 on Thursday. The firm has a market capitalization of $165.77 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s 50-day moving average is $40.18 and its two-hundred day moving average is $39.45.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMCSA shares. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Evercore ISI lowered their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus target price of $45.55.

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.