Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,052 shares of the cable giant’s stock after purchasing an additional 2,598 shares during the period. Ballentine Partners LLC’s holdings in Comcast were worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Element Wealth LLC increased its holdings in shares of Comcast by 7.2% in the 3rd quarter. Element Wealth LLC now owns 8,760 shares of the cable giant’s stock valued at $366,000 after purchasing an additional 591 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new position in Comcast during the third quarter worth about $675,000. DT Investment Partners LLC increased its holdings in Comcast by 10.0% in the third quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock valued at $323,000 after buying an additional 703 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Comcast by 0.5% during the 3rd quarter. Bogart Wealth LLC now owns 238,532 shares of the cable giant’s stock valued at $9,963,000 after acquiring an additional 1,103 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Comcast by 3.0% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 200,280 shares of the cable giant’s stock worth $8,366,000 after acquiring an additional 5,920 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Pivotal Research decreased their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Scotiabank lifted their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Up 0.0 %

Shares of NASDAQ:CMCSA opened at $41.66 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market cap of $163.46 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01. The stock’s 50-day moving average price is $40.48 and its two-hundred day moving average price is $39.47. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

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 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 business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same period last year, the company earned $1.13 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

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.