Comcast Corporation $CMCSA Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,473 shares of the cable giant’s stock after purchasing an additional 2,141 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Comcast were worth $6,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dodge & Cox raised its holdings in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock worth $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Harris Associates L P increased its holdings in shares of Comcast by 0.5% in the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after acquiring an additional 111,662 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Comcast by 2.2% during the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after purchasing an additional 427,705 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $29.97 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $110.66 billion, a P/E ratio of 4.95, a P/E/G ratio of 1.75 and a beta of 0.94. The company’s fifty day moving average is $32.15 and its two-hundred day moving average is $33.61. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The company 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 predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMCSA. KeyCorp decreased their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group decreased their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. Barclays decreased their price target on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Sanford C. Bernstein decreased their price target on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock 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.