Comcast Co. (NASDAQ:CMCSA) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,216,528 shares of the cable giant’s stock after selling 22,981 shares during the quarter. Welch & Forbes LLC’s holdings in Comcast were worth $53,345,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of 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 buying an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Comcast in the fourth quarter worth about $34,000. Lipe & Dalton acquired a new stake in Comcast in the 4th quarter valued at about $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast in the 4th quarter worth approximately $44,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on CMCSA. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Wells Fargo & Company dropped their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Scotiabank decreased their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Stock Down 0.5 %

NASDAQ CMCSA traded down $0.20 during trading hours on Monday, hitting $38.49. 32,164,810 shares of the company were exchanged, compared to its average volume of 20,949,441. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The firm has a market cap of $151.02 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.97 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $41.18 and a two-hundred day moving average of $42.32.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. Equities research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

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.