Carret Asset Management LLC Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

Carret Asset Management LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,367 shares of the cable giant’s stock after selling 1,746 shares during the quarter. Carret Asset Management LLC’s holdings in Comcast were worth $2,897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Ontario Teachers Pension Plan Board grew its position in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares in the last quarter. Capital World Investors lifted its holdings in shares of Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock worth $457,007,000 after purchasing an additional 4,714,586 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Macquarie reissued a “neutral” rating and set a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Scotiabank increased their price objective on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday, October 18th. KeyCorp lowered their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Evercore ISI dropped their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Price Performance

Shares of Comcast stock opened at $41.66 on Friday. The stock’s fifty day moving average is $40.52 and its 200 day moving average is $39.47. The stock has a market cap of $163.46 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

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.