Integral Investment Advisors Inc. Sells 583 Shares of Comcast Corporation $CMCSA

Integral Investment Advisors Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,545 shares of the cable giant’s stock after selling 583 shares during the period. Integral Investment Advisors Inc.’s holdings in Comcast were worth $590,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CMCSA. Cranbrook Wealth Management LLC grew its holdings in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the period. Abound Financial LLC bought a new stake in Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in Comcast in the 1st quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC raised its stake in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after acquiring an additional 686 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Up 0.5%

Shares of Comcast stock opened at $29.42 on Tuesday. The stock’s 50-day moving average is $31.84 and its 200 day moving average is $33.48. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The firm has a market cap of $108.62 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion during the quarter. Equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Rosenblatt Securities reduced their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Moffett Nathanson increased their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Royal Bank Of Canada initiated coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. Finally, Barclays reduced their target price on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price 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.