Adell Harriman & Carpenter Inc. Sells 4,111 Shares of Comcast Corporation $CMCSA

Adell Harriman & Carpenter Inc. reduced its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 16.2% in the 2nd quarter, Holdings Channel reports. The firm owned 21,335 shares of the cable giant’s stock after selling 4,111 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Comcast were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox raised its position in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC acquired a new position in Comcast during the first quarter valued at approximately $940,015,000. Harris Associates L P raised its position in Comcast by 0.5% during the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after purchasing an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Comcast by 2.2% during the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after buying an additional 427,705 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $28.53 on Thursday. The stock has a market capitalization of $105.34 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The firm’s fifty day simple moving average is $31.65 and its two-hundred day simple moving average is $33.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 12 month low of $28.46 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Loop Capital lowered their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. KeyCorp lowered their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Scotiabank reiterated a “sector perform” rating and set a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday, October 6th. Royal Bank Of Canada assumed coverage on shares of Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.52.

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.