Nisa Investment Advisors LLC Trims Stock Position in Comcast Corporation $CMCSA

Nisa Investment Advisors LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,743 shares of the cable giant’s stock after selling 142,868 shares during the period. Nisa Investment Advisors LLC’s holdings in Comcast were worth $47,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. QRG Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 83,631 shares during the last quarter. Advisor OS LLC lifted its holdings in shares of Comcast by 33.2% in the 1st quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after purchasing an additional 8,841 shares during the last quarter. Aberdeen Group plc boosted its position in shares of Comcast by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after purchasing an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. grew its stake in Comcast by 10.2% during the 1st 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 last quarter. Finally, Davidson Investment Advisors increased its position in Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after buying an additional 124,484 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CMCSA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. 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. Loop Capital lowered their price objective on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada initiated coverage on Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Trading Down 0.1%

Shares of Comcast stock opened at $29.28 on Friday. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The business’s fifty day moving average is $31.92 and its two-hundred day moving average is $33.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $108.11 billion, a PE ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results 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. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

About Comcast

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.