Honeywell International Inc. cut its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,100 shares of the cable giant’s stock after selling 150,300 shares during the period. Honeywell International Inc.’s holdings in Comcast Corp. were worth $24,818,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CMCSA. Vanguard Group Inc. increased its stake in Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock valued at $9,492,598,000 after buying an additional 1,297,292 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock valued at $2,032,387,000 after buying an additional 917,751 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock valued at $1,917,895,000 after buying an additional 184,478 shares during the last quarter. BlackRock Fund Advisors increased its stake in Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock valued at $1,884,074,000 after buying an additional 748,545 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Comcast Corp. by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 26,216,689 shares of the cable giant’s stock valued at $1,709,066,000 after buying an additional 385,942 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Institutional Ownership by Quarter for Comcast Corp. (NASDAQ:CMCSA)

Comcast Corp. (NASDAQ:CMCSA) traded down 0.976% during trading on Monday, hitting $68.485. The stock had a trading volume of 6,142,856 shares. The company has a 50 day moving average of $64.84 and a 200-day moving average of $65.06. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $69.92. The company has a market cap of $163.87 billion, a P/E ratio of 20.089 and a beta of 1.08.

Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, October 26th. The cable giant reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. Comcast Corp. had a return on equity of 15.22% and a net margin of 10.65%. The business earned $21.32 billion during the quarter, compared to the consensus estimate of $21.11 billion. During the same period in the prior year, the business posted $0.80 earnings per share. Comcast Corp.’s revenue was up 14.2% compared to the same quarter last year. On average, equities analysts predict that Comcast Corp. will post $3.50 EPS for the current year.

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Several equities research analysts recently weighed in on CMCSA shares. Macquarie raised Comcast Corp. from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $69.00 to $77.00 in a report on Monday, October 24th. Argus reaffirmed a “buy” rating and set a $81.00 price target on shares of Comcast Corp. in a report on Tuesday, September 27th. Jefferies Group reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Friday, September 30th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Thursday, September 22nd. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $75.00 price target (up from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.15.

In related news, EVP Arthur R. Block sold 1,023 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the transaction, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at $3,125,689.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the transaction, the executive vice president now directly owns 66,289 shares in the company, valued at $4,353,861.52. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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