Motley Fool Asset Management LLC Sells 2,349 Shares of Comcast Co. (NASDAQ:CMCSA)

Motley Fool Asset Management LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,647 shares of the cable giant’s stock after selling 2,349 shares during the period. Motley Fool Asset Management LLC’s holdings in Comcast were worth $7,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Greenwich Wealth Management LLC raised its stake in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares during the period. Legend Financial Advisors Inc. raised its stake in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after purchasing an additional 220 shares during the period. Beaumont Asset Management L.L.C. grew its holdings in Comcast by 1.6% during 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 buying an additional 226 shares in the last quarter. Keystone Financial Services grew its holdings in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares in the last quarter. Finally, Ironwood Financial llc grew its holdings in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on 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 SEC, which is available at the SEC website. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Citigroup raised their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company dropped their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

Shares of CMCSA stock traded down $2.34 during mid-day trading on Thursday, reaching $37.87. The stock had a trading volume of 37,791,862 shares, compared to its average volume of 20,846,986. The business’s fifty day moving average is $41.64 and its 200-day moving average is $42.61. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $150.41 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.98 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, research analysts forecast that Comcast Co. will post 4.23 earnings per share 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.