Compass Wealth Management LLC Has $2.16 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Compass Wealth Management LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 22.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,778 shares of the cable giant’s stock after selling 14,712 shares during the quarter. Compass Wealth Management LLC’s holdings in Comcast were worth $2,163,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Steph & Co. boosted its stake in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC bought a new position in Comcast during the second quarter worth $26,000. Financial Synergies Wealth Advisors Inc. boosted its stake in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMCSA shares. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Barclays dropped their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.29 during midday trading on Thursday, hitting $41.96. The company’s stock had a trading volume of 4,632,193 shares, compared to its average volume of 19,557,178. The stock has a fifty day moving average price of $40.18 and a 200 day moving average price of $39.45. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $164.64 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.10 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

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

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.