Monte Financial Group LLC grew its position in Comcast Co. (NASDAQ:CMCSA – Free Report) 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.
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.
Get Our Latest Stock Analysis on CMCSA
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.
Read More
- Five stocks we like better than Comcast
- How to Calculate Options Profits
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is a support level?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What to Know About Investing in Penny Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Free Report).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.