Greenup Street Wealth Management LLC Has $3.88 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Greenup Street Wealth Management LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,837 shares of the cable giant’s stock after selling 8,111 shares during the period. Greenup Street Wealth Management LLC’s holdings in Comcast were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Capital Investment Advisors LLC grew its stake in shares of Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the last quarter. BNP Paribas bought a new stake in shares of Comcast during the first quarter valued at approximately $4,117,000. Douglas Lane & Associates LLC grew its stake in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the last quarter. Finally, American National Bank & Trust Co. VA bought a new stake in shares of Comcast during the first quarter valued at approximately $426,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Barclays decreased their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Stock Performance

Shares of CMCSA stock opened at $42.23 on Friday. The company has a market capitalization of $165.69 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50-day simple moving average of $40.24 and a 200 day simple moving average of $39.47. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share 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.