Monte Financial Group LLC Has $8.67 Million Position in Comcast Co. (NASDAQ:CMCSA)

Monte Financial Group LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 207,489 shares of the cable giant’s stock after buying an additional 3,634 shares during the period. Comcast comprises approximately 3.6% of Monte Financial Group LLC’s portfolio, making the stock its largest holding. Monte Financial Group LLC’s holdings in Comcast were worth $8,667,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CMCSA. Capital Investment Advisors LLC boosted its position in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares in the last quarter. BNP Paribas acquired a new stake in Comcast during the first quarter worth approximately $4,117,000. Douglas Lane & Associates LLC increased its holdings in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Finally, American National Bank & Trust Co. VA acquired a new position in Comcast in the first quarter valued at approximately $426,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $41.55 on Thursday. The business’s 50 day moving average is $40.44 and its 200 day moving average is $39.45. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market cap of $163.03 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01. 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 posted its quarterly earnings data 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. 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 business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. On average, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Evercore ISI lowered their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. 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. KeyCorp cut their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Scotiabank boosted their target price on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $45.58.

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.