Curbstone Financial Management Corp Lowers Stake in Comcast Co. (NASDAQ:CMCSA)

Curbstone Financial Management Corp lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,638 shares of the cable giant’s stock after selling 1,520 shares during the period. Curbstone Financial Management Corp’s holdings in Comcast were worth $1,563,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Charter Oak Capital Management LLC lifted its position in shares of Comcast by 9.6% in the 4th quarter. Charter Oak Capital Management LLC now owns 6,350 shares of the cable giant’s stock worth $238,000 after purchasing an additional 556 shares during the period. YHB Investment Advisors Inc. increased its position in Comcast by 11.1% during the 4th quarter. YHB Investment Advisors Inc. now owns 85,110 shares of the cable giant’s stock valued at $3,194,000 after buying an additional 8,502 shares in the last quarter. Nilsine Partners LLC raised its position in shares of Comcast by 24.4% in the 4th quarter. Nilsine Partners LLC now owns 50,793 shares of the cable giant’s stock valued at $1,906,000 after purchasing an additional 9,959 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Comcast by 2.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 41,957 shares of the cable giant’s stock worth $1,575,000 after buying an additional 1,016 shares during the period. Finally, McLean Asset Management Corp grew its stake in Comcast by 6.9% during the 4th quarter. McLean Asset Management Corp now owns 9,624 shares of the cable giant’s stock valued at $361,000 after purchasing an additional 624 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock opened at $38.23 on Tuesday. The firm has a fifty day simple moving average of $39.31 and a 200-day simple moving average of $40.18. The company has a market capitalization of $146.29 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company dropped their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

About Comcast

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.