Stratos Investment Management LLC Buys 1,792 Shares of Comcast Co. (NASDAQ:CMCSA)

Stratos Investment Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,799 shares of the cable giant’s stock after buying an additional 1,792 shares during the period. Stratos Investment Management LLC’s holdings in Comcast were worth $1,078,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the first 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 during the 2nd quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. increased its holdings in Comcast by 336.9% during the 1st 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 in the last quarter. IAG Wealth Partners LLC raised its stake in shares of 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 last quarter. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. 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. Pivotal Research dropped their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays reduced their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Trading Down 0.7 %

Shares of Comcast stock opened at $41.93 on Friday. The stock has a market capitalization of $164.52 billion, a P/E ratio of 11.09, a P/E/G 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 company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $39.47.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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 company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. As a group, research analysts anticipate that Comcast Co. will post 4.23 EPS for the current 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.