OLD National Bancorp IN Sells 2,057 Shares of Comcast Co. (NASDAQ:CMCSA)

OLD National Bancorp IN reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 52,154 shares of the cable giant’s stock after selling 2,057 shares during the quarter. OLD National Bancorp IN’s holdings in Comcast were worth $2,178,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Koshinski Asset Management Inc. increased its position in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Regent Peak Wealth Advisors LLC increased its position in shares of Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the last quarter. Saxon Interests Inc. boosted its position in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares in the last quarter. Finally, Verum Partners LLC grew its stake in Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. KeyCorp dropped their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Scotiabank increased their price target on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Down 0.7 %

Shares of CMCSA opened at $41.93 on Monday. The stock has a 50 day moving average price of $40.30 and a 200 day moving average price of $39.44. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $164.52 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal 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.