Asset Dedication LLC Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Asset Dedication LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 28,524 shares of the cable giant’s stock after selling 256 shares during the period. Asset Dedication LLC’s holdings in Comcast were worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Koshinski Asset Management Inc. lifted its holdings in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares in the last quarter. Greenwich Wealth Management LLC lifted its stake in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares in the last quarter. Saxon Interests Inc. boosted its holdings in Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after buying an additional 262 shares during the period. Verum Partners LLC increased its stake in Comcast by 4.9% in the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares in the last quarter. Finally, Mcdonald Partners LLC raised its holdings in Comcast by 1.4% during the first quarter. Mcdonald Partners LLC now owns 19,591 shares of the cable giant’s stock valued at $849,000 after acquiring an additional 270 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.3 %

NASDAQ CMCSA opened at $42.25 on Thursday. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market capitalization of $165.77 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average of $40.18 and a two-hundred day moving average of $39.45.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. On average, analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMCSA. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Barclays dropped their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $45.55.

About Comcast

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.