Comcast Corporation $CMCSA Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,740 shares of the cable giant’s stock after buying an additional 8,168 shares during the period. D.A. Davidson & CO.’s holdings in Comcast were worth $5,059,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its position in Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after buying an additional 83,631 shares during the period. Advisor OS LLC increased its position in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock worth $1,308,000 after buying an additional 8,841 shares during the period. Aberdeen Group plc increased its position in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock worth $103,142,000 after buying an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. increased its position in Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after buying an additional 118,839 shares during the period. Finally, Davidson Investment Advisors increased its holdings in shares of Comcast by 37.4% in the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after purchasing an additional 124,484 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3%

Comcast stock opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31. The company has a market cap of $108.18 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The stock’s 50 day moving average price is $32.01 and its 200 day moving average price is $33.55.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.34 billion for the quarter. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMCSA. Loop Capital dropped their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Bank of America dropped their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Barclays dropped their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Rosenblatt Securities dropped their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Company 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.