Harbour Trust & Investment Management Co Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Harbour Trust & Investment Management Co reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 28.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,409 shares of the cable giant’s stock after selling 2,991 shares during the period. Harbour Trust & Investment Management Co’s holdings in Comcast were worth $309,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CMCSA. Capital World Investors raised its holdings in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP increased its stake in Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP increased its stake in Comcast by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after buying an additional 219,894 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.2 %

Shares of NASDAQ CMCSA opened at $41.65 on Friday. The stock has a market cap of $163.42 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The business has a 50-day moving average price of $40.44 and a 200 day moving average price of $39.45. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $30.02 billion. During the same period last year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Scotiabank boosted their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. KeyCorp lowered their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI reduced their target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.58.

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.