Comcast Co. (NASDAQ:CMCSA) Shares Sold by Vicus Capital

Vicus Capital lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,947 shares of the cable giant’s stock after selling 361 shares during the quarter. Vicus Capital’s holdings in Comcast were worth $624,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Global Assets Advisory LLC acquired a new stake in shares of Comcast in the first quarter worth approximately $1,809,000. Strategic Planning Group LLC boosted its holdings in shares of Comcast by 6.3% in the 1st quarter. Strategic Planning Group LLC now owns 5,693 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 338 shares during the last quarter. Austin Private Wealth LLC grew its stake in shares of Comcast by 5.7% during the 1st quarter. Austin Private Wealth LLC now owns 7,784 shares of the cable giant’s stock valued at $323,000 after buying an additional 421 shares during the period. Gilman Hill Asset Management LLC grew its stake in shares of Comcast by 17.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 6,121 shares of the cable giant’s stock valued at $265,000 after buying an additional 902 shares during the period. Finally, Fermata Advisors LLC increased its holdings in shares of Comcast by 36.1% during the 1st quarter. Fermata Advisors LLC now owns 9,756 shares of the cable giant’s stock worth $423,000 after buying an additional 2,588 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMCSA. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Scotiabank increased their price objective on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Stock Up 2.5 %

CMCSA stock traded up $1.00 during trading on Tuesday, reaching $41.53. The stock had a trading volume of 8,133,697 shares, compared to its average volume of 19,516,455. The firm has a fifty day moving average price of $40.34 and a 200 day moving average price of $39.43. 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 company has a market capitalization of $162.95 billion, a P/E ratio of 10.72, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released 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 return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

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.