Trust Point Inc. Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Trust Point Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,276 shares of the cable giant’s stock after acquiring an additional 509 shares during the quarter. Trust Point Inc.’s holdings in Comcast were worth $972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Alaska Permanent Fund Corp raised its stake in shares of Comcast by 318.6% in the first quarter. Alaska Permanent Fund Corp now owns 40,966 shares of the cable giant’s stock valued at $1,776,000 after buying an additional 31,179 shares during the period. Apella Capital LLC grew its holdings in shares of Comcast by 7.8% during the first quarter. Apella Capital LLC now owns 6,201 shares of the cable giant’s stock worth $249,000 after purchasing an additional 451 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Comcast by 11.6% in the first quarter. Park Avenue Securities LLC now owns 162,791 shares of the cable giant’s stock worth $7,057,000 after purchasing an additional 16,971 shares during the last quarter. PFW Advisors LLC raised its stake in Comcast by 1.1% in the first quarter. PFW Advisors LLC now owns 48,141 shares of the cable giant’s stock valued at $2,087,000 after purchasing an additional 538 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in Comcast by 0.9% during the first quarter. RFG Advisory LLC now owns 37,219 shares of the cable giant’s stock valued at $1,613,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMCSA. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of 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 reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research dropped their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research 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 stock. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $45.55.

Comcast Stock Down 0.5 %

Shares of NASDAQ CMCSA traded down $0.22 on Friday, reaching $42.01. 4,051,688 shares of the company’s stock traded hands, compared to its average volume of 19,539,824. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The business’s 50 day simple moving average is $40.24 and its two-hundred day simple moving average is $39.47. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market cap of $164.83 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, equities research analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal 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.