Lee Danner & Bass Inc. Sells 25,500 Shares of Comcast Corporation $CMCSA

Key Points

• Lee Danner & Bass Inc. sold 25,500 shares of Comcast Corporation, reducing its stake by 21.9% during the second quarter, leaving the fund with 90,674 shares valued at approximately $3.236 million.
• Multiple institutional investors have recently changed their Comcast holdings, including Brighton Jones LLC, which increased its stake by 150.9%, now owning 166,265 shares valued at $6.24 million.
• Analyst ratings for Comcast show a consensus of "Hold", with a target price of $39.76, while several firms have issued varying ratings ranging from Strong Buy to Sell.

Lee Danner & Bass Inc. lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 21.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,674 shares of the cable giant's stock after selling 25,500 shares during the quarter. Lee Danner & Bass Inc.'s holdings in Comcast were worth $3,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Spire Wealth Management boosted its holdings in Comcast by 9.7% in the 1st quarter. Spire Wealth Management now owns 33,417 shares of the cable giant's stock worth $1,233,000 after buying an additional 2,966 shares during the period. Golden State Wealth Management LLC boosted its holdings in Comcast by 385.3% in the 1st quarter. Golden State Wealth Management LLC now owns 18,540 shares of the cable giant's stock worth $684,000 after buying an additional 14,720 shares during the period. Omnia Family Wealth LLC lifted its stake in Comcast by 23.1% in the 1st quarter. Omnia Family Wealth LLC now owns 12,265 shares of the cable giant's stock worth $453,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its stake in Comcast by 19.9% in the 1st quarter. Phillips Wealth Planners LLC now owns 20,106 shares of the cable giant's stock worth $678,000 after purchasing an additional 3,331 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CMCSA shares. Royal Bank Of Canada assumed coverage on shares of Comcast in a report on Monday, September 8th. They set a "sector perform" rating and a $38.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Comcast from $40.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, September 24th. Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, September 12th. Weiss Ratings reissued a "hold (c-)" rating on shares of Comcast in a report on Tuesday, October 14th. Finally, Benchmark restated a "buy" rating on shares of Comcast in a research report on Friday, July 18th. One investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $39.76.

Comcast Price Performance

CMCSA stock opened at $29.52 on Friday. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The business has a 50 day simple moving average of $32.01 and a 200-day simple moving average of $33.55. The company has a market capitalization of $108.98 billion, a P/E ratio of 4.88, a PEG ratio of 1.74 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (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. As a group, equities analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.