Bigelow Investment Advisors LLC Sells 410 Shares of Comcast Co. (NASDAQ:CMCSA)

Bigelow Investment Advisors LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,537 shares of the cable giant’s stock after selling 410 shares during the period. Bigelow Investment Advisors LLC’s holdings in Comcast were worth $506,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CMCSA. Norges Bank acquired a new position in shares of Comcast during the fourth quarter valued at about $1,798,173,000. Moneta Group Investment Advisors LLC grew its stake in Comcast by 121,265.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock valued at $892,799,000 after acquiring an additional 25,509,390 shares during the period. Morgan Stanley grew its stake in Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after acquiring an additional 7,084,451 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Comcast by 62.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after acquiring an additional 5,880,050 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Comcast by 535.8% in the 1st quarter. Renaissance Technologies LLC now owns 4,754,976 shares of the cable giant’s stock worth $222,628,000 after purchasing an additional 4,007,100 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.

Comcast Trading Up 1.6 %

Shares of NASDAQ CMCSA traded up $0.62 during midday trading on Friday, reaching $40.24. The company had a trading volume of 24,134,633 shares, compared to its average volume of 20,662,158. The firm’s fifty day moving average price is $41.86 and its 200-day moving average price is $42.74. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The stock has a market cap of $159.83 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. On average, equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CMCSA shares. Rosenblatt Securities increased their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.