By otakuyassine3@gmail.com 
Ballentine Partners LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 49,419 shares of the cable giant’s stock after selling 633 shares during the quarter. Ballentine Partners LLC’s holdings in Comcast were worth $1,855,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the 4th 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 last quarter. McClarren Financial Advisors Inc. increased its stake 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 purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the 3rd quarter valued at about $30,000. Iron Horse Wealth Management LLC increased its stake 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 purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake 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 purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Comcast Stock Up 1.1 %
Shares of Comcast stock opened at $36.97 on Wednesday. The company has a fifty day moving average price of $39.81 and a 200 day moving average price of $40.18. 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 Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The stock has a market cap of $141.47 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.
Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS 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 firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.
Read Our Latest Stock Report on Comcast
Insider Activity
In related news, CEO Brian L. Roberts sold 234,464 shares of the 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 owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.
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.
See Also
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