Comcast Co. (NASDAQ:CMCSA) Position Trimmed by Ballentine Partners LLC

Ballentine Partners LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,419 shares of the cable giant’s stock after selling 633 shares during the period. Ballentine Partners LLC’s holdings in Comcast were worth $1,855,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC lifted its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC lifted its position in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CMCSA shares. KeyCorp upped their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company cut their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 1.1 %

Shares of NASDAQ CMCSA opened at $36.97 on Wednesday. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The company has a market cap of $141.47 billion, a PE ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $39.81 and a two-hundred day moving average of $40.18.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping 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 the consensus estimate of $31.78 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.