BIP Wealth LLC Sells 2,765 Shares of Comcast Corporation $CMCSA

BIP Wealth LLC lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.0% during the 2nd quarter, Holdings Channel reports. The firm owned 6,455 shares of the cable giant’s stock after selling 2,765 shares during the period. BIP Wealth LLC’s holdings in Comcast were worth $230,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Comcast during the first quarter valued at approximately $940,015,000. Dodge & Cox grew its stake in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Comcast by 1,959.3% in the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the last quarter. KBC Group NV lifted its stake in Comcast by 724.7% in the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.1%

Shares of CMCSA opened at $29.28 on Friday. 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 business has a fifty day moving average of $31.92 and a 200 day moving average of $33.53. The company has a market cap of $108.11 billion, a PE ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. KeyCorp decreased their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. UBS Group set a $43.00 target price on Comcast in a research report on Friday, October 3rd. Loop Capital reduced their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Finally, Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.76.

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.