Sterling Investment Advisors Ltd. Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sterling Investment Advisors Ltd. lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,593 shares of the cable giant’s stock after selling 5,300 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Comcast were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Clean Yield Group bought a new position in Comcast in the 1st quarter worth approximately $25,000. Evolution Wealth Advisors LLC bought a new stake in Comcast during the second quarter valued at about $26,000. Mackey Komara & Dankovich LLC purchased a new stake in Comcast in the first quarter valued at about $27,000. Bray Capital Advisors purchased a new stake in Comcast in the second quarter valued at about $30,000. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Comcast in the second quarter worth about $31,000. 82.85% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on CMCSA shares. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $54.00 in a report on Wednesday, July 10th. Cfra set a $50.00 target price on Comcast and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley upped their target price on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Bank of America set a $58.00 price objective on Comcast and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.25.

In other news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Shares of NASDAQ:CMCSA traded down $1.34 during midday trading on Friday, hitting $42.43. The stock had a trading volume of 13,643,939 shares, compared to its average volume of 17,023,876. The company’s 50-day moving average price is $43.54 and its 200-day moving average price is $41.59. The company has a market capitalization of $200.19 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $45.29.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. During the same period in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 23.6% on a year-over-year basis. Research analysts expect that Comcast Co. will post 3.08 EPS for the current fiscal year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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