Comcast Co. (NASDAQ:CMCSA) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 886,117 shares of the cable giant’s stock after selling 531,947 shares during the quarter. Janus Henderson Group PLC’s holdings in Comcast were worth $33,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC lifted its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Comcast during the fourth quarter worth $36,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.56 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $129.04 billion, a PE ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The business’s 50 day moving average is $34.90 and its 200-day moving average is $37.42.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMCSA shares. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Argus lowered Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. Finally, Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.10.

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.