Security National Bank of SO Dak Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Security National Bank of SO Dak trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,659 shares of the cable giant’s stock after selling 1,594 shares during the period. Security National Bank of SO Dak’s holdings in Comcast were worth $1,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Miracle Mile Advisors LLC boosted its stake in Comcast by 21.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock valued at $369,000 after acquiring an additional 1,764 shares during the last quarter. Accurate Wealth Management LLC raised its stake in shares of Comcast by 5.5% in the 4th quarter. Accurate Wealth Management LLC now owns 13,278 shares of the cable giant’s stock valued at $483,000 after purchasing an additional 697 shares in the last quarter. Pines Wealth Management LLC bought a new position in shares of Comcast during the fourth quarter worth about $316,000. Assenagon Asset Management S.A. grew its stake in Comcast by 853.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,082,766 shares of the cable giant’s stock worth $40,636,000 after purchasing an additional 969,173 shares in the last quarter. Finally, Apella Capital LLC increased its holdings in Comcast by 21.0% in the fourth quarter. Apella Capital LLC now owns 9,534 shares of the cable giant’s stock valued at $358,000 after buying an additional 1,654 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMCSA. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.33 on Friday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $131.91 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50 day simple moving average of $34.89 and a 200 day simple moving average of $37.38.

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