Comcast Co. (NASDAQ:CMCSA) Stock Position Trimmed by South Dakota Investment Council

South Dakota Investment Council decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 638,624 shares of the cable giant’s stock after selling 20,900 shares during the period. Comcast makes up 0.6% of South Dakota Investment Council’s portfolio, making the stock its 20th biggest position. South Dakota Investment Council’s holdings in Comcast were worth $28,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Greenwich Wealth Management LLC raised its position in shares of Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after acquiring an additional 219 shares during the period. Legend Financial Advisors Inc. raised its position in shares of Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. raised its position in shares of Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services raised its position in shares of Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after acquiring an additional 238 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock traded down $0.21 during trading on Tuesday, reaching $40.36. The company’s stock had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. The business’s 50-day moving average price is $41.75 and its 200-day moving average price is $42.66. The firm has a market cap of $160.30 billion, a PE ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Citigroup raised their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was 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 at the SEC website. 1.18% of the stock is owned by insiders.

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.