D.A. Davidson & CO. Boosts Position in Comcast Corporation $CMCSA

D.A. Davidson & CO. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,740 shares of the cable giant’s stock after purchasing an additional 8,168 shares during the quarter. D.A. Davidson & CO.’s holdings in Comcast were worth $5,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CMCSA. Blume Capital Management Inc. raised its holdings in shares of Comcast by 11.8% in the second quarter. Blume Capital Management Inc. now owns 296,865 shares of the cable giant’s stock worth $10,595,000 after acquiring an additional 31,268 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Comcast by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 364,559 shares of the cable giant’s stock worth $13,011,000 after acquiring an additional 1,434 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Comcast by 1.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 187,473 shares of the cable giant’s stock worth $6,689,000 after acquiring an additional 2,141 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Comcast by 1.0% in the second quarter. Whittier Trust Co. now owns 416,216 shares of the cable giant’s stock worth $14,850,000 after acquiring an additional 3,981 shares during the last quarter. Finally, apricus wealth LLC raised its holdings in shares of Comcast by 21.4% in the second quarter. apricus wealth LLC now owns 60,015 shares of the cable giant’s stock worth $2,142,000 after acquiring an additional 10,570 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Barclays cut their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. KeyCorp cut their price target on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Royal Bank Of Canada started coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Finally, Citigroup reiterated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.76.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $29.30 on Friday. The firm has a market capitalization of $108.18 billion, a PE ratio of 4.84, a P/E/G ratio of 1.74 and a beta of 0.94. 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 has a 50-day moving average of $32.01 and a two-hundred day moving average of $33.55. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company 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%. As a group, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current 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.