Phoenix Financial Ltd. Has $856,000 Holdings in Comcast Corporation $CMCSA

Phoenix Financial Ltd. lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,001 shares of the cable giant's stock after selling 23,926 shares during the period. Phoenix Financial Ltd.'s holdings in Comcast were worth $856,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. QRG Capital Management Inc. lifted 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 period. Advisor OS LLC raised its stake in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after buying an additional 8,841 shares during the last quarter. Aberdeen Group plc raised its stake in Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant's stock worth $103,142,000 after buying an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Comcast by 10.2% during the first 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, OMNI 360 Wealth Inc. bought a new position in Comcast during the first quarter worth $335,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 1.9%

CMCSA opened at $29.40 on Thursday. Comcast Corporation has a 1-year low of $29.15 and a 1-year 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 company has a market cap of $108.55 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. The company has a fifty day moving average price of $32.08 and a two-hundred day moving average price of $33.58.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Barclays lowered their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. UBS Group set a $43.00 target price on shares of Comcast in a research note on Friday, October 3rd. Loop Capital decreased their price target on shares of Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, October 1st. Finally, Rosenblatt Securities decreased their price target on shares of Comcast from $38.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.

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