Stanley Laman Group Ltd. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 14.0% in the second quarter, HoldingsChannel reports. The firm owned 27,457 shares of the cable giant’s stock after selling 4,488 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Comcast were worth $1,161,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Clean Yield Group purchased a new position in Comcast during the first quarter valued at approximately $25,000. Evolution Wealth Advisors LLC acquired a new position in Comcast in the 2nd quarter worth approximately $26,000. Mackey Komara & Dankovich LLC acquired a new position in Comcast in the 1st quarter worth approximately $27,000. Bray Capital Advisors acquired a new position in Comcast in the 2nd quarter worth approximately $30,000. Finally, Litman Gregory Asset Management LLC acquired a new position in Comcast in the 2nd quarter worth approximately $31,000. 82.66% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by company insiders.

CMCSA has been the topic of several research reports. Rosenblatt Securities initiated coverage on shares of Comcast in a report on Friday, June 14th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley increased their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Macquarie initiated coverage on shares of Comcast in a report on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price target on the stock. Guggenheim upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a report on Thursday, May 30th. Finally, ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.44.

Shares of NASDAQ CMCSA traded up $0.21 during midday trading on Wednesday, reaching $42.67. 3,680,349 shares of the stock were exchanged, compared to its average volume of 18,792,693. The company has a market capitalization of $194.84 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The firm has a 50-day moving average price of $43.39. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, analysts forecast that Comcast Co. will post 3.07 earnings per share for the current fiscal year.

Comcast 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.

Further Reading: Recession

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.