GUNN & Co INVESTMENT MANAGEMENT INC. Sells 710,027 Shares of Comcast Co. (NASDAQ:CMCSA)

GUNN & Co INVESTMENT MANAGEMENT INC. lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 93.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,476 shares of the cable giant’s stock after selling 710,027 shares during the period. Comcast makes up approximately 1.3% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 27th largest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Comcast were worth $1,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Comcast in the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% in the 3rd 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. Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the period. IAG Wealth Partners LLC grew its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp grew its position in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Scotiabank boosted their price target on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Finally, Evercore ISI reduced their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Price Performance

Shares of CMCSA opened at $41.55 on Thursday. The company has a 50 day moving average price of $40.44 and a 200-day moving average price of $39.45. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock has a market capitalization of $163.03 billion, a PE ratio of 10.99, 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.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 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 company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal 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.