Ferguson Wellman Capital Management Inc. Has $16.37 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Ferguson Wellman Capital Management Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 55.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,842 shares of the cable giant’s stock after selling 496,202 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Comcast were worth $16,367,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in Comcast by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,040,565 shares of the cable giant’s stock worth $43,464,000 after buying an additional 58,785 shares during the period. ST Germain D J Co. Inc. boosted its position in Comcast by 2.4% during the 3rd quarter. ST Germain D J Co. Inc. now owns 39,563 shares of the cable giant’s stock worth $1,653,000 after buying an additional 937 shares during the period. First Citizens Bank & Trust Co. boosted its position in Comcast by 50.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 105,811 shares of the cable giant’s stock worth $4,420,000 after buying an additional 35,407 shares during the period. Capital Investment Advisors LLC boosted its position in Comcast by 28.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant’s stock worth $1,926,000 after buying an additional 10,081 shares during the period. Finally, Blue Trust Inc. boosted its position in Comcast by 15.8% during the 3rd quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant’s stock worth $1,797,000 after buying an additional 6,274 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp cut their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Down 0.7 %

Shares of Comcast stock traded down $0.30 during trading on Friday, reaching $41.93. 14,188,181 shares of the company traded hands, compared to its average volume of 19,589,955. The firm has a market capitalization of $164.52 billion, a PE ratio of 11.09, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average price of $40.30 and a 200-day moving average price of $39.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

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