Motley Fool Wealth Management LLC Has $7.22 Million Stake in Comcast Corporation $CMCSA

Motley Fool Wealth Management LLC trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 202,412 shares of the cable giant’s stock after selling 38,361 shares during the period. Motley Fool Wealth Management LLC’s holdings in Comcast were worth $7,224,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Foster Group Inc. lifted its holdings in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC lifted its holdings in Comcast by 0.5% in the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the last quarter. Clearstead Trust LLC lifted its holdings in Comcast by 5.2% in the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after purchasing an additional 305 shares during the last quarter. Webster Bank N. A. lifted its holdings in Comcast by 2.9% in the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock worth $386,000 after purchasing an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its holdings in Comcast by 2.2% in the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock worth $519,000 after purchasing an additional 308 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.5%

Shares of Comcast stock opened at $29.42 on Tuesday. The company’s fifty day simple moving average is $31.84 and its 200-day simple moving average is $33.48. The company has a market cap of $108.62 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.73 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. 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 business 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%. As a group, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Sanford C. Bernstein reduced their target price on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, September 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. KeyCorp reduced their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Morgan Stanley set a $35.00 target price on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Finally, Rosenblatt Securities cut their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. 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.com, the company has an average rating of “Hold” and a consensus price target 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.