Comcast Co. (NASDAQ:CMCSA) Shares Sold by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,779 shares of the cable giant’s stock after selling 1,159 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Comcast were worth $367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in Comcast during the fourth quarter worth approximately $25,000. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth approximately $28,000. Mpwm Advisory Solutions LLC acquired a new stake in Comcast during the 4th quarter valued at $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. The Goldman Sachs Group lowered their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Argus downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Barclays decreased their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, Oppenheimer lowered their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Price Performance

Shares of CMCSA opened at $35.59 on Wednesday. The firm’s fifty day simple moving average is $34.90 and its 200-day simple moving average is $37.18. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. 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 $132.88 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.78 and a beta of 0.97.

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