Phoenix Financial Ltd. Sells 23,926 Shares of Comcast Corporation $CMCSA

Phoenix Financial Ltd. cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 49.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,001 shares of the cable giant’s stock after selling 23,926 shares during the period. Phoenix Financial Ltd.’s holdings in Comcast were worth $856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Berkeley Capital Partners LLC boosted its holdings in Comcast by 2.1% during the second quarter. Berkeley Capital Partners LLC now owns 43,399 shares of the cable giant’s stock worth $1,549,000 after purchasing an additional 890 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Comcast by 31.1% during the second quarter. Bogart Wealth LLC now owns 4,288 shares of the cable giant’s stock worth $153,000 after purchasing an additional 1,018 shares during the last quarter. Financial Perspectives Inc boosted its holdings in Comcast by 6.5% during the second quarter. Financial Perspectives Inc now owns 16,324 shares of the cable giant’s stock worth $583,000 after purchasing an additional 993 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in Comcast by 2.7% during the second quarter. Cidel Asset Management Inc. now owns 70,670 shares of the cable giant’s stock worth $2,522,000 after purchasing an additional 1,863 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Bank of America cut their price target on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. The Goldman Sachs Group cut their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Benchmark reiterated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, Barclays dropped their target price on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.76.

Comcast Stock Down 1.9%

CMCSA opened at $29.40 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $108.55 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.77 and a beta of 0.94. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The company’s 50-day moving average price is $32.08 and its two-hundred day moving average price is $33.58.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current 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.