Dakota Wealth Management Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Dakota Wealth Management cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,886 shares of the cable giant’s stock after selling 16,067 shares during the period. Dakota Wealth Management’s holdings in Comcast were worth $8,934,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. DT Investment Partners LLC increased its position in shares of Comcast by 10.0% during the third quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock valued at $323,000 after acquiring an additional 703 shares during the last quarter. Bogart Wealth LLC grew its stake in Comcast by 0.5% in the 3rd quarter. Bogart Wealth LLC now owns 238,532 shares of the cable giant’s stock valued at $9,963,000 after purchasing an additional 1,103 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its position 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 valued at $8,366,000 after purchasing an additional 5,920 shares during the last quarter. Grimes & Company Inc. raised its stake in shares of Comcast by 0.4% during the 3rd quarter. Grimes & Company Inc. now owns 197,057 shares of the cable giant’s stock worth $8,231,000 after purchasing an additional 844 shares during the period. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in shares of Comcast by 12.0% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 6,147 shares of the cable giant’s stock worth $257,000 after buying an additional 659 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 research firms recently issued reports on CMCSA. Scotiabank raised their price objective on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday, October 18th. KeyCorp decreased their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Finally, Pivotal Research lowered their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Trading Up 0.2 %

Shares of Comcast stock opened at $41.65 on Friday. The company’s 50-day moving average price is $40.44 and its 200-day moving average price is $39.45. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. 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 $163.42 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01.

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