Capital Investment Advisors LLC Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Investment Advisors LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,108 shares of the cable giant’s stock after purchasing an additional 10,081 shares during the period. Capital Investment Advisors LLC’s holdings in Comcast were worth $1,926,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCSA. Capital World Investors lifted its position in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after buying an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP increased its position in Comcast by 2.1% during the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $41.93 on Friday. The stock has a market capitalization of $164.52 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s fifty day moving average price is $40.30 and its 200 day moving average price is $39.45. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during 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 company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. Equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMCSA. Scotiabank lifted their price target on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average price target 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.