Monte Financial Group LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Monte Financial Group LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,489 shares of the cable giant’s stock after purchasing an additional 3,634 shares during the quarter. Comcast accounts for approximately 3.6% of Monte Financial Group LLC’s holdings, making the stock its largest holding. Monte Financial Group LLC’s holdings in Comcast were worth $8,667,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. Capital Investment Advisors LLC grew its position in Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Comcast by 8.9% in the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after acquiring an additional 15,664 shares in the last quarter. BNP Paribas acquired a new stake in shares of Comcast in the first quarter valued at about $4,117,000. Douglas Lane & Associates LLC raised its holdings in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares in the last quarter. Finally, American National Bank & Trust Co. VA acquired a new position in Comcast during the first quarter valued at approximately $426,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CMCSA. KeyCorp cut their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Scotiabank raised their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Pivotal Research lowered their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Macquarie reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, Barclays decreased their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Stock Performance

CMCSA opened at $41.55 on Thursday. The company’s 50 day moving average is $40.44 and its 200-day moving average is $39.45. The company has a market cap of $163.03 billion, a P/E ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

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

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.