Comcast Corporation $CMCSA Holdings Lowered by SYM FINANCIAL Corp

SYM FINANCIAL Corp decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 5.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,423 shares of the cable giant’s stock after selling 398 shares during the quarter. SYM FINANCIAL Corp’s holdings in Comcast were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Comcast in the 1st quarter worth approximately $940,015,000. Dodge & Cox raised its stake in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Comcast by 119.1% in the first 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Comcast by 76.6% in the first quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after buying an additional 4,096,382 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CMCSA shares. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Sanford C. Bernstein dropped their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, September 10th. Royal Bank Of Canada began coverage on shares of Comcast in a research report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target for the company. Arete Research upgraded shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. 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, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $39.52.

Comcast Price Performance

NASDAQ CMCSA opened at $29.28 on Wednesday. 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 capitalization of $108.11 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.13 and a 12-month high of $45.31. The company has a 50 day moving average price of $31.75 and a two-hundred day moving average price of $33.45.

Comcast (NASDAQ:CMCSA) last released its quarterly 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%. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

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.