Sapient Capital LLC Cuts Holdings in Comcast Co. (NASDAQ:CMCSA)

Sapient Capital LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,636 shares of the cable giant’s stock after selling 3,377 shares during the quarter. Sapient Capital LLC’s holdings in Comcast were worth $1,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Everett Harris & Co. CA raised its position in Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. raised its position in Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after acquiring an additional 1,486 shares during the period. Altus Wealth Group LLC raised its position in Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares during the period. PFG Advisors raised its position in Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Comcast in the third quarter worth about $8,868,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.9 %

NASDAQ:CMCSA traded down $0.74 during midday trading on Tuesday, reaching $38.11. 20,201,195 shares of the stock traded hands, compared to its average volume of 20,876,318. The company has a fifty day moving average of $41.47 and a 200 day moving average of $42.47. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a PEG ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the business posted $0.92 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research reports. Scotiabank lowered their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

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.