Leavell Investment Management Inc. Sells 1,418 Shares of Comcast Corporation $CMCSA

Leavell Investment Management Inc. decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 7.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,687 shares of the cable giant’s stock after selling 1,418 shares during the period. Leavell Investment Management Inc.’s holdings in Comcast were worth $667,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CMCSA. Nuveen LLC acquired a new stake in shares of Comcast during the first quarter worth about $940,015,000. Dodge & Cox increased its stake in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. increased its stake in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock worth $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. KBC Group NV raised its holdings in Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock worth $374,927,000 after buying an additional 8,928,641 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Comcast by 119.1% in the first quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after buying an additional 4,128,434 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $29.28 on Monday. Comcast Corporation has a 52-week low of $29.15 and a 52-week high of $45.31. The company has a market cap of $108.11 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $31.92 and its 200 day simple moving average is $33.52.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 return on equity of 18.86% and a net margin of 18.44%. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. KeyCorp reduced their target price on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Bank of America dropped their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Finally, Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.76.

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.