Comcast Co. (NASDAQ:CMCSA) Stake Cut by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,680 shares of the cable giant’s stock after selling 1,892 shares during the period. Capital Investment Advisory Services LLC’s holdings in Comcast were worth $731,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. NewSquare Capital LLC lifted its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in Comcast during the fourth quarter valued at about $34,000. Lipe & Dalton acquired a new stake in Comcast in the 4th quarter valued at about $37,000. Finally, First Personal Financial Services acquired a new stake in Comcast during the third quarter worth about $39,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company lowered their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $49.74.

View Our Latest Stock Analysis on CMCSA

Comcast Trading Up 0.8 %

CMCSA stock opened at $40.57 on Tuesday. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The firm has a market cap of $161.14 billion, a P/E ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The company’s 50-day simple moving average is $41.78 and its 200-day simple moving average is $42.68.

Comcast (NASDAQ:CMCSAGet Free Report) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, equities analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by insiders.

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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