Argyle Capital Management Inc. Sells 14,100 Shares of Comcast Co. (NASDAQ:CMCSA)

Argyle Capital Management Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 26.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,856 shares of the cable giant’s stock after selling 14,100 shares during the period. Argyle Capital Management Inc.’s holdings in Comcast were worth $1,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMCSA. Envestnet Asset Management Inc. lifted its stake in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after acquiring an additional 1,907,973 shares during the period. SG Americas Securities LLC increased its position in shares of Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after acquiring an additional 1,357,756 shares during the period. Bank of New York Mellon Corp increased its position in shares of Comcast by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after acquiring an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Comcast by 35.5% in the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares during the period. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.45.

Comcast Stock Performance

Shares of Comcast stock traded up $0.70 on Friday, hitting $38.57. 29,783,241 shares of the company’s stock were exchanged, compared to its average volume of 21,514,964. The company has a 50-day simple moving average of $41.58 and a 200-day simple moving average of $42.55. The stock has a market capitalization of $153.19 billion, a PE ratio of 10.20, a PEG ratio of 0.94 and a beta of 0.98. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. As a group, equities analysts anticipate that Comcast Co. will post 4.21 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.