Comcast Corporation $CMCSA Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 18.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,299 shares of the cable giant’s stock after selling 6,602 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Comcast were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Global Trust Asset Management LLC grew its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC grew its holdings in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth approximately $29,000. Abound Financial LLC acquired a new position in Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC grew its holdings in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after acquiring an additional 686 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CMCSA shares. Royal Bank Of Canada started coverage on shares of Comcast in a report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target for the company. Scotiabank restated a “sector perform” rating and issued a $45.50 target price (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. UBS Group set a $43.00 target price on shares of Comcast in a report on Friday, October 3rd. Citigroup restated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $39.76.

Comcast Stock Up 0.5%

CMCSA stock opened at $29.42 on Tuesday. The company has a fifty day moving average price of $31.84 and a 200 day moving average price of $33.48. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. The company has a market cap of $108.62 billion, a price-to-earnings ratio of 4.86, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion during the quarter. Sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast 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.