Whittier Trust Co. Purchases 3,091 Shares of Comcast Co. (NASDAQ:CMCSA)

Whittier Trust Co. raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 423,138 shares of the cable giant’s stock after buying an additional 3,091 shares during the quarter. Whittier Trust Co.’s holdings in Comcast were worth $17,674,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Northwest Investment Counselors LLC purchased a new position in Comcast in the third quarter valued at $86,000. Genesee Capital Advisors LLC purchased a new position in Comcast during the third quarter valued at $201,000. Toth Financial Advisory Corp increased its stake in shares of Comcast by 149.7% during the third quarter. Toth Financial Advisory Corp now owns 2,130 shares of the cable giant’s stock worth $89,000 after purchasing an additional 1,277 shares in the last quarter. Marino Stram & Associates LLC boosted its holdings in Comcast by 30.1% in the 3rd quarter. Marino Stram & Associates LLC now owns 7,943 shares of the cable giant’s stock worth $332,000 after buying an additional 1,836 shares during the last quarter. Finally, Trilogy Capital Inc. increased its stake in Comcast by 1.7% during the 3rd quarter. Trilogy Capital Inc. now owns 68,362 shares of the cable giant’s stock worth $2,855,000 after buying an additional 1,121 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA traded down $1.33 during trading on Monday, hitting $40.60. The company’s stock had a trading volume of 9,826,652 shares, compared to its average volume of 19,541,908. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $40.30 and a 200 day moving average price of $39.44. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market cap of $159.30 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. Comcast’s quarterly revenue 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 fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. 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. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.