Chicago Partners Investment Group LLC Sells 374 Shares of Comcast Corporation $CMCSA

Chicago Partners Investment Group LLC decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,821 shares of the cable giant’s stock after selling 374 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Comcast were worth $674,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC raised its stake in 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 buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in 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 buying an additional 350 shares during the last quarter. Ransom Advisory Ltd purchased a new position in Comcast during the first quarter valued at $29,000. Abound Financial LLC purchased a new position in Comcast during the first quarter valued at $29,000. Finally, GFG Capital LLC purchased a new position in Comcast during the second quarter valued at $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.4%

CMCSA stock opened at $29.97 on Wednesday. Comcast Corporation has a twelve month low of $29.15 and a twelve 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 stock has a market cap of $110.66 billion, a P/E ratio of 4.95, a PEG ratio of 1.75 and a beta of 0.94. The business’s 50-day moving average price is $32.15 and its 200-day moving average price is $33.61.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital decreased their price target on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Rosenblatt Securities decreased their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. KeyCorp decreased their price target on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. Finally, Citigroup restated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.76.

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.