AA Financial Advisors LLC Sells 1,245 Shares of Comcast Co. (NASDAQ:CMCSA)

AA Financial Advisors LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,522 shares of the cable giant’s stock after selling 1,245 shares during the quarter. AA Financial Advisors LLC’s holdings in Comcast were worth $565,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMCSA. Capital World Investors raised its stake in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Comcast by 2.7% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 during the last quarter. Ontario Teachers Pension Plan Board increased its stake 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 buying an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP raised its holdings in shares of Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after buying an additional 219,894 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.7 %

Shares of NASDAQ:CMCSA opened at $41.93 on Friday. The company has a 50 day moving average price of $40.30 and a two-hundred day moving average price of $39.45. The company has a market capitalization of $164.52 billion, a PE ratio of 11.09, a PEG 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.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter last year, the business posted $1.13 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Barclays lowered 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. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, The Goldman Sachs Group began coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. One 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.