Comcast Corporation $CMCSA Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,473 shares of the cable giant’s stock after acquiring an additional 2,141 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Comcast were worth $6,689,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC increased its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 671 shares during the last quarter. Abound Financial LLC acquired a new stake in shares of Comcast during the first quarter valued at about $29,000. Ransom Advisory Ltd acquired a new stake in shares of Comcast during the first quarter valued at about $29,000. Finally, Princeton Global Asset Management LLC increased its position in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.4%

Shares of Comcast stock opened at $29.97 on Wednesday. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31. The company has a 50 day moving average of $32.15 and a 200 day moving average of $33.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $110.66 billion, a P/E ratio of 4.95, a P/E/G ratio of 1.75 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.34 billion during the quarter. As a group, research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CMCSA shares. KeyCorp dropped their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price objective for the company. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.76.

About Comcast

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.