Raleigh Capital Management Inc. Sells 6,703 Shares of Comcast Co. (NASDAQ:CMCSA)

Raleigh Capital Management Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 37.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,198 shares of the cable giant’s stock after selling 6,703 shares during the period. Raleigh Capital Management Inc.’s holdings in Comcast were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth $30,000. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Iron Horse Wealth Management LLC grew its stake in Comcast by 220.3% during the third 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 increased its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMCSA. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company cut their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Up 0.4 %

CMCSA stock opened at $37.11 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average of $39.54 and a 200 day moving average of $40.16. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The firm has a market cap of $142.00 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

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

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.