Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Trilogy Capital Inc.

Trilogy Capital Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 68,362 shares of the cable giant’s stock after acquiring an additional 1,121 shares during the quarter. Trilogy Capital Inc.’s holdings in Comcast were worth $2,855,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMCSA. Ontario Teachers Pension Plan Board boosted its holdings in Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after acquiring an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Capital World Investors lifted its position in shares of Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares during the period. Finally, AQR Capital Management LLC increased its stake in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 0.7 %

CMCSA opened at $41.93 on Monday. The stock has a market cap of $164.52 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. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock’s 50 day moving average price is $40.30 and its 200 day moving average price is $39.44.

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, 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 during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CMCSA. Scotiabank upped their price objective on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday. Evercore ISI dropped their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Finally, Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.58.

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.