BLB&B Advisors LLC Sells 4,493 Shares of Comcast Co. (NASDAQ:CMCSA)

BLB&B Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,441 shares of the cable giant’s stock after selling 4,493 shares during the period. BLB&B Advisors LLC’s holdings in Comcast were worth $770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in Comcast in the second quarter worth about $26,000. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% in 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 during the period. Archer Investment Corp grew its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new stake in shares of Comcast during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CMCSA. Evercore ISI cut their price target on shares of 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 price target on shares of Comcast in a report on Wednesday, July 24th. 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. Macquarie reiterated a “neutral” rating and set a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group assumed coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Stock Up 2.5 %

CMCSA opened at $41.55 on Wednesday. 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 1-year low of $36.43 and a 1-year high of $47.11. The company has a market capitalization of $163.01 billion, a PE ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01. The firm’s 50 day simple moving average is $40.39 and its two-hundred day simple moving average is $39.44.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the firm earned $1.13 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Company 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.