By otakuyassine3@gmail.com 
Janney Montgomery Scott LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,859,638 shares of the cable giant’s stock after selling 11,157 shares during the period. Janney Montgomery Scott LLC owned about 0.10% of Comcast worth $144,852,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Comcast by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after purchasing an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Comcast by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after purchasing an additional 676,920 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.
Comcast Trading Up 0.4 %
Shares of Comcast stock opened at $37.11 on Thursday. The firm has a 50-day moving average of $39.67 and a 200-day moving average of $40.18. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $142.00 billion, a PE ratio of 9.98, a PEG ratio of 1.35 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. 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%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on CMCSA. Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.33.
View Our Latest Stock Report on CMCSA
Insider Activity at Comcast
In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.
Comcast 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.
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