Legend Financial Advisors Inc. Sells 444 Shares of Comcast Co. (NASDAQ:CMCSA)

Legend Financial Advisors Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 32.6% during the third quarter, Holdings Channel reports. The fund owned 919 shares of the cable giant’s stock after selling 444 shares during the period. Legend Financial Advisors Inc.’s holdings in Comcast were worth $38,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Net Worth Advisory Group bought a new stake in shares of Comcast during the third quarter worth $590,000. Precedent Wealth Partners LLC boosted its stake in shares of Comcast by 26.2% in the 3rd quarter. Precedent Wealth Partners LLC now owns 22,430 shares of the cable giant’s stock valued at $937,000 after purchasing an additional 4,660 shares during the last quarter. Stratos Investment Management LLC raised its stake in shares of Comcast by 7.5% during the third quarter. Stratos Investment Management LLC now owns 25,799 shares of the cable giant’s stock worth $1,078,000 after buying an additional 1,792 shares during the last quarter. Trust Point Inc. boosted its stake in Comcast by 2.2% in the third quarter. Trust Point Inc. now owns 23,276 shares of the cable giant’s stock valued at $972,000 after acquiring an additional 509 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Comcast by 27.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 21,982 shares of the cable giant’s stock worth $918,000 after acquiring an additional 4,768 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.7 %

NASDAQ CMCSA opened at $41.93 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The company has a market cap of $164.52 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average of $40.30 and a 200-day moving average of $39.47. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CMCSA shares. Barclays cut their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Scotiabank lifted their price target on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Company 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.