Pictet Asset Management Ltd. Has $271.04 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Pictet Asset Management Ltd. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,410,477 shares of the cable giant’s stock after selling 424,008 shares during the period. Pictet Asset Management Ltd. owned approximately 0.14% of Comcast worth $271,035,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CMCSA. Krane Funds Advisors LLC acquired a new stake in shares of Comcast during the second quarter worth $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Comcast during the second quarter worth $26,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of Comcast during the first quarter worth $27,000. Bray Capital Advisors acquired a new stake in shares of Comcast during the second quarter worth $30,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Comcast during the second quarter worth $31,000. 82.75% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the sale, the senior vice president now owns 3,419 shares in the company, valued at $151,222.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the sale, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

CMCSA has been the subject of a number of research analyst reports. Cfra set a $50.00 target price on Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. Bank of America set a $58.00 target price on Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Co initiated coverage on Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 target price for the company. Rosenblatt Securities initiated coverage on Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $46.97.

Shares of CMCSA stock traded down $0.11 on Monday, hitting $46.25. 2,259,365 shares of the stock were exchanged, compared to its average volume of 14,051,346. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $212.16 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The business has a 50-day moving average of $44.18 and a 200 day moving average of $42.59. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $47.27.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Comcast’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 3.09 EPS for the current fiscal year.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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