Comcast Corporation $CMCSA Shares Acquired by Rossby Financial LCC

Rossby Financial LCC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,289 shares of the cable giant’s stock after acquiring an additional 712 shares during the quarter. Rossby Financial LCC’s holdings in Comcast were worth $260,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC lifted its position 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 in the last quarter. Global Trust Asset Management LLC lifted its position 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 in the last quarter. Abound Financial LLC purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $29,000. Ransom Advisory Ltd purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC lifted its position in shares of Comcast by 403.5% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMCSA shares. KeyCorp reduced 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. The Goldman Sachs Group cut their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Bank of America cut their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. UBS Group set a $43.00 target price on shares of Comcast in a research report on Friday, October 3rd. Finally, Loop Capital cut their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.52.

Comcast Stock Down 0.5%

CMCSA stock opened at $29.28 on Wednesday. Comcast Corporation has a 12-month low of $29.13 and a 12-month high of $45.31. 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 cap of $108.11 billion, a price-to-earnings ratio of 4.84, a PEG ratio of 1.74 and a beta of 0.94. The company has a 50 day moving average of $31.75 and a two-hundred day moving average of $33.45.

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. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, equities analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

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.