Joel Isaacson & Co. LLC Sells 1,168 Shares of Comcast Co. (NASDAQ:CMCSA)

Joel Isaacson & Co. LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,474 shares of the cable giant’s stock after selling 1,168 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Comcast were worth $6,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairscale Capital LLC bought a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC raised its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp raised its position in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. KeyCorp dropped their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Stock Up 0.0 %

NASDAQ:CMCSA opened at $41.66 on Friday. 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. The stock has a market cap of $163.46 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01. The stock has a 50-day moving average price of $40.52 and a two-hundred day moving average price of $39.47.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

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.