Raymond James & Associates Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Raymond James & Associates lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,397,948 shares of the cable giant’s stock after selling 13,332 shares during the quarter. Raymond James & Associates’ holdings in Comcast were worth $601,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steph & Co. boosted its holdings in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares in the last quarter. Fairscale Capital LLC acquired a new position in Comcast in the second quarter valued at $26,000. Financial Synergies Wealth Advisors Inc. grew its holdings in shares of Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after purchasing an additional 593 shares during the last quarter. IAG Wealth Partners LLC increased its position in shares of Comcast by 204.7% during the second 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. Finally, Archer Investment Corp lifted 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 valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMCSA shares. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. KeyCorp cut their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Barclays dropped their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. One equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.58.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.30 during trading hours on Friday, reaching $41.93. 14,188,181 shares of the company’s stock were exchanged, compared to its average volume of 19,589,955. 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 1 year low of $36.43 and a 1 year high of $47.11. The company has a market cap of $164.52 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company’s 50 day moving average is $40.30 and its two-hundred day moving average is $39.47.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 earnings per share. Equities research analysts anticipate 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.