Comcast Co. (NASDAQ:CMCSA) Stake Lessened by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 91.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,004 shares of the cable giant’s stock after selling 200,556 shares during the period. Exchange Traded Concepts LLC’s holdings in Comcast were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alaska Permanent Fund Corp raised its holdings in Comcast by 318.6% during the first quarter. Alaska Permanent Fund Corp now owns 40,966 shares of the cable giant’s stock valued at $1,776,000 after buying an additional 31,179 shares in the last quarter. RFG Advisory LLC raised its holdings in Comcast by 0.9% during the first quarter. RFG Advisory LLC now owns 37,219 shares of the cable giant’s stock valued at $1,613,000 after buying an additional 327 shares in the last quarter. Sanders Morris Harris LLC raised its holdings in Comcast by 9.2% during the first quarter. Sanders Morris Harris LLC now owns 11,327 shares of the cable giant’s stock valued at $491,000 after buying an additional 950 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Comcast by 46.1% during the first quarter. International Assets Investment Management LLC now owns 28,046 shares of the cable giant’s stock valued at $1,186,000 after buying an additional 8,845 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its holdings in Comcast by 35.3% during the first quarter. O Keefe Stevens Advisory Inc. now owns 8,891 shares of the cable giant’s stock valued at $385,000 after buying an additional 2,319 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $41.93 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm has a 50 day moving average of $40.30 and a 200-day moving average of $39.47. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $164.52 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the company posted $1.13 EPS. Comcast’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMCSA. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Barclays lowered their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Evercore ISI lowered their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Scotiabank lifted their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.58.

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.