Comcast Co. (NASDAQ:CMCSA) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,050 shares of the cable giant’s stock after selling 2,963 shares during the period. Comcast accounts for approximately 0.6% of Mount Yale Investment Advisors LLC’s holdings, making the stock its 23rd biggest position. Mount Yale Investment Advisors LLC’s holdings in Comcast were worth $6,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CMCSA. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC raised its holdings in shares of Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $41.65 on Friday. The company’s fifty day moving average is $40.44 and its 200-day moving average is $39.45. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 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 company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the business posted $1.13 EPS. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMCSA. Pivotal Research cut their price target 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. KeyCorp reduced their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Barclays reduced their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One 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.com, the stock presently has an average rating of “Hold” and an average price target of $45.58.

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.