Strategic Investment Solutions Inc. IL Sells 524 Shares of Comcast Co. (NASDAQ:CMCSA)

Strategic Investment Solutions Inc. IL reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 30.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201 shares of the cable giant’s stock after selling 524 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Comcast were worth $50,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMCSA. Tandem Capital Management Corp ADV increased its holdings in Comcast by 79.7% during the third quarter. Tandem Capital Management Corp ADV now owns 50,999 shares of the cable giant’s stock worth $2,211,000 after buying an additional 22,615 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Comcast by 5.5% in the third quarter. Ballentine Partners LLC now owns 50,052 shares of the cable giant’s stock worth $2,091,000 after purchasing an additional 2,598 shares in the last quarter. Element Wealth LLC increased its stake in shares of Comcast by 7.2% in the third quarter. Element Wealth LLC now owns 8,760 shares of the cable giant’s stock worth $366,000 after purchasing an additional 591 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of Comcast in the third quarter worth about $675,000. Finally, DT Investment Partners LLC increased its stake in shares of Comcast by 10.0% in the third quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock worth $323,000 after purchasing an additional 703 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI cut their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Trading Up 1.1 %

Comcast stock traded up $0.46 during mid-day trading on Friday, reaching $42.11. 2,591,869 shares of the company traded hands, compared to its average volume of 19,457,359. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s 50 day moving average price is $40.44 and its 200 day moving average price is $39.45. The firm has a market capitalization of $165.22 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business 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 company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. On average, analysts anticipate that Comcast Co. will post 4.23 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.