Keeler Thomas Management LLC Reduces Position in Comcast Corporation $CMCSA

Keeler Thomas Management LLC lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 88.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,443 shares of the cable giant’s stock after selling 47,410 shares during the period. Keeler Thomas Management LLC’s holdings in Comcast were worth $230,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Foster Group Inc. boosted its stake in Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 282 shares during the last quarter. Argyle Capital Management LLC boosted its stake in Comcast by 0.5% during the 2nd quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock valued at $2,184,000 after acquiring an additional 300 shares during the last quarter. Clearstead Trust LLC boosted its stake in Comcast by 5.2% during the 1st quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after acquiring an additional 305 shares during the last quarter. Webster Bank N. A. boosted its stake in Comcast by 2.9% during the 2nd quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after acquiring an additional 305 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its stake in Comcast by 2.2% during the 1st quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CMCSA shares. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein reduced their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. 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. Moffett Nathanson raised their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Scotiabank restated a “sector perform” rating and issued a $45.50 price target (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Trading Down 0.1%

Shares of NASDAQ:CMCSA opened at $29.28 on Friday. The company has a market cap of $108.11 billion, a PE ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. The company’s 50-day moving average price is $31.92 and its 200 day moving average price is $33.53. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The firm 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%. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Company 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.