Comcast Co. (NASDAQ:CMCSA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,859,638 shares of the cable giant’s stock after selling 11,157 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Comcast were worth $144,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $150,000. Nisa Investment Advisors LLC increased its holdings in Comcast by 42.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,417,814 shares of the cable giant’s stock valued at $90,741,000 after acquiring an additional 716,770 shares in the last quarter. Red Spruce Capital LLC boosted its stake in shares of Comcast by 9.9% during the 4th quarter. Red Spruce Capital LLC now owns 50,550 shares of the cable giant’s stock worth $1,897,000 after purchasing an additional 4,561 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Comcast by 21.5% in the fourth quarter. MCF Advisors LLC now owns 27,375 shares of the cable giant’s stock worth $1,027,000 after acquiring an additional 4,846 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Comcast by 5.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 3,952,198 shares of the cable giant’s stock valued at $148,326,000 after buying an additional 188,948 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.4 %

Shares of CMCSA stock opened at $37.11 on Thursday. The company has a market capitalization of $142.00 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.35 and a beta of 1.01. The company’s fifty day moving average price is $39.67 and its 200-day moving average price is $40.18. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on CMCSA. Macquarie restated a “neutral” rating and set a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.