CENTRAL TRUST Co Cuts Stock Position in Comcast Co. (NASDAQ:CMCSA)

CENTRAL TRUST Co lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,587 shares of the cable giant’s stock after selling 14,209 shares during the period. CENTRAL TRUST Co’s holdings in Comcast were worth $5,831,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. lifted its stake 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 last quarter. Finally, Archer Investment Corp boosted its position 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 period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMCSA. KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their price objective 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. Scotiabank upped their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Price Performance

Shares of CMCSA stock opened at $41.55 on Thursday. The stock’s fifty day moving average price is $40.44 and its 200 day moving average price is $39.45. 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 $163.03 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. On average, research analysts expect that Comcast Co. will post 4.23 earnings per share 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.