Brighton Jones LLC Has $2.77 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 57.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,279 shares of the cable giant’s stock after selling 90,197 shares during the period. Brighton Jones LLC’s holdings in Comcast were worth $2,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Comcast by 5,414.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock worth $62,959,000 after acquiring an additional 1,479,954 shares in the last quarter. McAdam LLC grew its stake in Comcast by 27.1% during the third quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock worth $523,000 after purchasing an additional 2,665 shares during the period. Monte Financial Group LLC increased its holdings in Comcast by 1.8% in the third quarter. Monte Financial Group LLC now owns 207,489 shares of the cable giant’s stock worth $8,667,000 after purchasing an additional 3,634 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in shares of Comcast by 8.4% during the 3rd quarter. Altus Wealth Group LLC now owns 23,168 shares of the cable giant’s stock worth $968,000 after buying an additional 1,804 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $41.55 on Thursday. The stock has a market capitalization of $163.03 billion, a PE ratio of 10.99, 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 business’s fifty day moving average price is $40.44 and its 200-day moving average price is $39.45. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating 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 analysts’ expectations of $30.02 billion. During the same quarter last year, the company posted $1.13 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

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.