Little House Capital LLC Sells 2,482 Shares of Comcast Co. (NASDAQ:CMCSA)

Little House Capital LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,189 shares of the cable giant’s stock after selling 2,482 shares during the period. Little House Capital LLC’s holdings in Comcast were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Koshinski Asset Management Inc. boosted its stake in Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares during the period. Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after buying an additional 261 shares during the period. Saxon Interests Inc. boosted its stake in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares during the period. Finally, Verum Partners LLC boosted its stake in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Pivotal Research decreased their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank increased their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday. KeyCorp dropped their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities 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. According to MarketBeat, Comcast has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Stock Down 2.7 %

Comcast stock traded down $1.12 during midday trading on Monday, hitting $40.81. 6,454,424 shares of the stock were exchanged, compared to its average volume of 19,525,297. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a market cap of $160.12 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.10 and a beta of 1.01. 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 company has a 50 day moving average price of $40.30 and a two-hundred day moving average price of $39.44.

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

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.