Transcend Capital Advisors LLC Sells 9,417 Shares of Comcast Co. (NASDAQ:CMCSA)

Transcend Capital Advisors LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,727 shares of the cable giant’s stock after selling 9,417 shares during the period. Transcend Capital Advisors LLC’s holdings in Comcast were worth $3,321,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CMCSA. NewSquare Capital LLC lifted its position in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Comcast by 299.1% during the 4th 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 during the period. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the 4th quarter worth about $34,000. Lipe & Dalton bought a new position in Comcast in the 4th quarter worth about $37,000. Finally, First Personal Financial Services purchased a new position in Comcast during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CMCSA shares. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reissued an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.70 during trading hours on Friday, reaching $38.57. The stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. The stock has a market capitalization of $153.19 billion, a PE ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a 50 day moving average price of $41.58 and a two-hundred day moving average price of $42.57. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share 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.