Sequoia Financial Advisors LLC Buys 145,012 Shares of Comcast Co. (NASDAQ:CMCSA)

Sequoia Financial Advisors LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 59.0% in the third quarter, Holdings Channel.com reports. The firm owned 390,738 shares of the cable giant’s stock after acquiring an additional 145,012 shares during the period. Sequoia Financial Advisors LLC’s holdings in Comcast were worth $16,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CMCSA. Koshinski Asset Management Inc. raised its position in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC raised 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 acquiring an additional 257 shares during the last quarter. Greenwich Wealth Management LLC raised its position in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the last quarter. Saxon Interests Inc. raised its position in shares of Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after acquiring an additional 262 shares during the last quarter. Finally, Verum Partners LLC raised its position in shares of Comcast by 4.9% during the second quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after acquiring an additional 267 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 2.9 %

Shares of CMCSA stock traded up $1.19 during trading hours on Tuesday, hitting $41.72. 8,860,051 shares of the company’s stock traded hands, compared to its average volume of 19,521,434. The stock’s fifty day simple moving average is $40.34 and its two-hundred day simple moving average is $39.43. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock has a market cap of $163.69 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share. On average, analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Finally, KeyCorp decreased their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.58.

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.