Sterling Investment Management LLC Has $1.78 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sterling Investment Management LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,591 shares of the cable giant’s stock after selling 3,193 shares during the period. Comcast accounts for about 1.3% of Sterling Investment Management LLC’s investment portfolio, making the stock its 26th biggest holding. Sterling Investment Management LLC’s holdings in Comcast were worth $1,779,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Trilogy Capital Inc. raised its stake in Comcast by 1.7% in the third quarter. Trilogy Capital Inc. now owns 68,362 shares of the cable giant’s stock valued at $2,855,000 after buying an additional 1,121 shares during the period. Koss Olinger Consulting LLC raised its stake in Comcast by 1.5% in the 3rd quarter. Koss Olinger Consulting LLC now owns 63,863 shares of the cable giant’s stock valued at $2,668,000 after acquiring an additional 930 shares during the period. Godsey & Gibb Inc. lifted its holdings in Comcast by 2.4% during the 3rd quarter. Godsey & Gibb Inc. now owns 456,411 shares of the cable giant’s stock valued at $19,064,000 after purchasing an additional 10,778 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Finally, Compass Ion Advisors LLC bought a new position in shares of Comcast during the third quarter worth approximately $231,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Scotiabank boosted their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday. 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. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

Shares of CMCSA opened at $41.93 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $164.52 billion, a PE ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The business has a 50-day simple moving average of $40.30 and a two-hundred day simple moving average of $39.44.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter last year, the business earned $1.13 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal 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.