Denali Advisors LLC Sells 2,400 Shares of Comcast Corporation $CMCSA

Denali Advisors LLC decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 14.5% in the second quarter, Holdings Channel reports. The fund owned 14,200 shares of the cable giant’s stock after selling 2,400 shares during the quarter. Denali Advisors LLC’s holdings in Comcast were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Cranbrook Wealth Management LLC lifted its holdings in shares of Comcast by 86.0% in the 2nd 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 lifted its holdings in shares of Comcast by 906.8% in the 2nd 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 bought a new position in shares of Comcast in the 1st quarter valued at about $29,000. Ransom Advisory Ltd bought a new stake in Comcast in the first quarter worth about $29,000. Finally, Princeton Global Asset Management LLC lifted its stake in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CMCSA. Moffett Nathanson raised their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Barclays decreased 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. Rosenblatt Securities decreased their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Stock Performance

Shares of CMCSA stock opened at $29.40 on Thursday. The firm has a market cap of $108.55 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.77 and a beta of 0.94. The company’s 50 day moving average is $32.08 and its 200 day moving average is $33.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31.

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

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.