Rehmann Capital Advisory Group Has $1.07 Million Stock Position in Comcast Corporation $CMCSA

Rehmann Capital Advisory Group decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,070 shares of the cable giant’s stock after selling 6,541 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Comcast were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cranbrook Wealth Management LLC increased its position in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing 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 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

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

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

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Bank of America decreased their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. The Goldman Sachs Group decreased their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Sanford C. Bernstein decreased their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Morgan Stanley set a $35.00 target price on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Barclays decreased their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. One research 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 given 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.

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.