BKM Wealth Management LLC Sells 1,076 Shares of Comcast Co. (NASDAQ:CMCSA)

BKM Wealth Management LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,802 shares of the cable giant’s stock after selling 1,076 shares during the quarter. BKM Wealth Management LLC’s holdings in Comcast were worth $911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Capital World Investors boosted its stake in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP increased its position in shares of Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after purchasing an additional 219,894 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research cut their price target 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. KeyCorp lowered their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Finally, Scotiabank upped their price objective on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.58.

Comcast Trading Up 0.0 %

Shares of CMCSA stock opened at $41.66 on Friday. The firm has a market cap of $163.46 billion, a P/E ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average of $40.52 and a 200-day moving average of $39.47. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

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, topping 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 company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

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.