Comcast Co. (NASDAQ:CMCSA) Stock Holdings Decreased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,868 shares of the cable giant’s stock after selling 540 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Comcast were worth $1,222,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC increased its position in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast during the fourth quarter worth approximately $37,000. First Personal Financial Services acquired a new stake in shares of Comcast during the third quarter worth approximately $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth approximately $44,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 1.8 %

Shares of Comcast stock opened at $38.57 on Friday. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The company’s fifty day moving average price is $41.58 and its two-hundred day moving average price is $42.56. The firm has a market capitalization of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on CMCSA. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Friday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company reduced their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.45.

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.