Comcast Corporation $CMCSA Stake Cut by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,412 shares of the cable giant’s stock after selling 38,361 shares during the period. Motley Fool Wealth Management LLC’s holdings in Comcast were worth $7,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Comcast by 23.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 157,490 shares of the cable giant’s stock worth $5,621,000 after acquiring an additional 29,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Comcast by 15.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 596,991 shares of the cable giant’s stock worth $21,307,000 after acquiring an additional 81,100 shares during the period. Rossby Financial LCC grew its holdings in Comcast by 10.8% during the second quarter. Rossby Financial LCC now owns 7,289 shares of the cable giant’s stock worth $260,000 after acquiring an additional 712 shares during the period. AustralianSuper Pty Ltd increased its stake in Comcast by 8.1% in the 2nd quarter. AustralianSuper Pty Ltd now owns 3,527,783 shares of the cable giant’s stock worth $125,907,000 after purchasing an additional 264,768 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Comcast by 603.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 248,292 shares of the cable giant’s stock worth $8,862,000 after purchasing an additional 212,989 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of a number of analyst reports. Moffett Nathanson lifted their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group dropped their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Arete Research raised Comcast to a “hold” rating in a research note on Tuesday, July 8th. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, UBS Group set a $43.00 price target on Comcast in a research note on Friday, October 3rd. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.76.

Comcast Price Performance

Shares of CMCSA opened at $29.42 on Tuesday. The company has a market capitalization of $108.62 billion, a price-to-earnings ratio of 4.86, a P/E/G ratio of 1.73 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $31.84 and its 200-day moving average is $33.48.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Equities research analysts expect 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.