Sweeney & Michel LLC Has $354,000 Position in Comcast Co. (NASDAQ:CMCSA)

Sweeney & Michel LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 50.7% during the third quarter, HoldingsChannel reports. The fund owned 8,440 shares of the cable giant’s stock after selling 8,691 shares during the quarter. Sweeney & Michel LLC’s holdings in Comcast were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Global Assets Advisory LLC bought a new stake in shares of Comcast during the 1st quarter valued at about $1,809,000. Strategic Planning Group LLC boosted its position in shares of Comcast by 6.3% during the 1st quarter. Strategic Planning Group LLC now owns 5,693 shares of the cable giant’s stock worth $247,000 after purchasing an additional 338 shares in the last quarter. Austin Private Wealth LLC grew its stake in shares of Comcast by 5.7% in the 1st quarter. Austin Private Wealth LLC now owns 7,784 shares of the cable giant’s stock valued at $323,000 after buying an additional 421 shares during the period. Gilman Hill Asset Management LLC increased its position in Comcast by 17.3% in the 1st quarter. Gilman Hill Asset Management LLC now owns 6,121 shares of the cable giant’s stock valued at $265,000 after buying an additional 902 shares in the last quarter. Finally, Fermata Advisors LLC raised its stake in Comcast by 36.1% during the 1st quarter. Fermata Advisors LLC now owns 9,756 shares of the cable giant’s stock worth $423,000 after buying an additional 2,588 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Evercore ISI dropped their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Pivotal Research cut their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Macquarie reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $45.58.

Comcast Stock Performance

CMCSA traded up $1.18 during midday trading on Tuesday, reaching $41.71. The company had a trading volume of 3,884,917 shares, compared to its average volume of 19,497,047. The business has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $39.43. 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 Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market cap of $163.65 billion, a PE ratio of 10.72, a P/E/G ratio of 1.10 and a beta of 1.01.

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