Chicago Partners Investment Group LLC Lowers Holdings in Comcast Corporation $CMCSA

Chicago Partners Investment Group LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,821 shares of the cable giant’s stock after selling 374 shares during the period. Chicago Partners Investment Group LLC’s holdings in Comcast were worth $674,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CMCSA. Nuveen LLC purchased a new position in Comcast in the 1st quarter worth approximately $940,015,000. Dodge & Cox lifted its holdings in Comcast by 19.1% in the 1st 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. Pacer Advisors Inc. raised its holdings in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after acquiring an additional 12,586,329 shares in the last quarter. KBC Group NV raised its holdings in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after acquiring an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock worth $280,238,000 after acquiring an additional 4,128,434 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. Arete Research raised Comcast to a “hold” rating in a report on Tuesday, July 8th. Bank of America decreased their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. KeyCorp decreased their price objective on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Scotiabank reaffirmed a “sector perform” rating and set a $45.50 price objective (up from $45.00) on shares of Comcast in a report on Monday, October 6th. Finally, Moffett Nathanson upped their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.97 on Wednesday. The company has a market cap 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 has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50 day moving average price is $32.15 and its 200-day moving average price is $33.61. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31.

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

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.