Comcast Co. (NASDAQ:CMCSA) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,075 shares of the cable giant’s stock after acquiring an additional 2,719 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $3,568,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC grew its position in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares in the last quarter. Tidal Investments LLC lifted its stake in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after purchasing an additional 22,684 shares during the last quarter. Parnassus Investments LLC lifted its stake in Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Comcast during the third quarter worth about $2,541,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $38.09 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The stock has a 50 day moving average of $39.31 and a 200-day moving average of $40.18. The company has a market capitalization of $145.75 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. As a group, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CMCSA. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

About Comcast

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.