Comcast Co. (NASDAQ:CMCSA) Stock Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,753,814 shares of the cable giant's stock after selling 59,156 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.14% of Comcast worth $249,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Everett Harris & Co. CA boosted its holdings in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant's stock worth $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. increased its stake in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant's stock worth $4,438,000 after acquiring an additional 1,486 shares during the last quarter. Altus Wealth Group LLC raised its holdings in shares of Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant's stock worth $823,000 after acquiring an additional 1,432 shares in the last quarter. PFG Advisors grew its stake in Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant's stock valued at $1,012,000 after purchasing an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Comcast in the 3rd quarter worth about $8,868,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of Comcast stock traded down $0.74 during trading on Tuesday, reaching $38.11. The company's stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. The stock has a 50-day moving average price of $41.47 and a two-hundred day moving average price of $42.47. The stock has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter last year, the business posted $0.92 earnings per share. Comcast's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an "equal weight" rating for the company in a research report on Friday. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a research report on Friday. Oppenheimer restated an "outperform" rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reiterated a "buy" rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.60.

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.

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