Carret Asset Management LLC Sells 3,931 Shares of Comcast Corporation $CMCSA

Carret Asset Management LLC cut its position in Comcast Corporation (NASDAQ:CMCSA) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,555 shares of the cable giant’s stock after selling 3,931 shares during the quarter. Carret Asset Management LLC’s holdings in Comcast were worth $1,947,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Savvy Advisors Inc. raised its position in Comcast by 30.7% in the second quarter. Savvy Advisors Inc. now owns 14,039 shares of the cable giant’s stock valued at $501,000 after purchasing an additional 3,300 shares during the last quarter. Investment Management Associates Inc. ADV raised its position in Comcast by 13.8% in the second quarter. Investment Management Associates Inc. ADV now owns 311,414 shares of the cable giant’s stock valued at $11,114,000 after purchasing an additional 37,664 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Comcast by 177.4% during the second quarter. Retirement Systems of Alabama now owns 2,247,932 shares of the cable giant’s stock worth $80,229,000 after acquiring an additional 1,437,460 shares during the last quarter. Assetmark Inc. raised its position in shares of Comcast by 16.1% during the second quarter. Assetmark Inc. now owns 3,165,365 shares of the cable giant’s stock worth $112,972,000 after acquiring an additional 438,946 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its position in shares of Comcast by 1.4% during the second quarter. HBK Sorce Advisory LLC now owns 357,736 shares of the cable giant’s stock worth $12,768,000 after acquiring an additional 4,995 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 2.6%

Shares of CMCSA stock opened at $28.53 on Thursday. The company has a market cap of $105.34 billion, a P/E ratio of 4.72, a PEG ratio of 1.73 and a beta of 0.94. The stock has a 50 day simple moving average of $31.65 and a two-hundred day simple moving average of $33.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a fifty-two week low of $28.46 and a fifty-two week high of $45.31.

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

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. KeyCorp lowered their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Loop Capital lowered their price objective on Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Bank of America lowered their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Morgan Stanley set a $35.00 price objective on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.52.

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.