Palouse Capital Management Inc. Sells 512 Shares of Comcast Co. (NASDAQ:CMCSA)

Palouse Capital Management Inc. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,757 shares of the cable giant’s stock after selling 512 shares during the period. Palouse Capital Management Inc.’s holdings in Comcast were worth $1,963,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Comcast in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in Comcast in the fourth quarter valued at $34,000. Finally, Lipe & Dalton bought a new position in Comcast in the fourth quarter valued at $37,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded up $0.62 during midday trading on Friday, hitting $40.24. The company’s stock had a trading volume of 24,227,475 shares, compared to its average volume of 20,663,566. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50-day moving average price of $41.82 and a two-hundred day moving average price of $42.71. The company has a market cap of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. As a group, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Rosenblatt Securities increased their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

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.