Everett Harris & Co. CA Has $70.47 Million Position in Comcast Co. (NASDAQ:CMCSA)

Everett Harris & Co. CA grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,687,106 shares of the cable giant’s stock after buying an additional 9,815 shares during the quarter. Comcast accounts for approximately 0.9% of Everett Harris & Co. CA’s holdings, making the stock its 25th biggest holding. Everett Harris & Co. CA’s holdings in Comcast were worth $70,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Commonwealth Equity Services LLC raised its holdings in shares of Comcast by 6.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,040,565 shares of the cable giant’s stock worth $43,464,000 after buying an additional 58,785 shares in the last quarter. ST Germain D J Co. Inc. grew its position in Comcast by 2.4% in the third quarter. ST Germain D J Co. Inc. now owns 39,563 shares of the cable giant’s stock valued at $1,653,000 after acquiring an additional 937 shares during the period. First Citizens Bank & Trust Co. raised its stake in Comcast by 50.3% during the third quarter. First Citizens Bank & Trust Co. now owns 105,811 shares of the cable giant’s stock worth $4,420,000 after acquiring an additional 35,407 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Comcast by 28.0% during the third quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant’s stock valued at $1,926,000 after acquiring an additional 10,081 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Comcast by 15.8% in the 3rd quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant’s stock valued at $1,797,000 after purchasing an additional 6,274 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank raised their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday. Finally, KeyCorp cut their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.58.

Comcast Trading Down 0.7 %

Shares of NASDAQ:CMCSA traded down $0.30 during trading on Friday, hitting $41.93. 14,188,181 shares of the company’s stock were exchanged, compared to its average volume of 19,589,955. 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 firm has a market cap of $164.52 billion, a P/E ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The firm has a 50-day moving average price of $40.30 and a two-hundred day moving average price 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 EPS for the quarter, topping 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 firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The business’s quarterly revenue 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 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.