LRT Capital Management LLC Trims Stake in Comcast Co. (NASDAQ:CMCSA)

LRT Capital Management LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,535 shares of the cable giant’s stock after selling 18,612 shares during the period. LRT Capital Management LLC’s holdings in Comcast were worth $1,207,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in Comcast in the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in Comcast in the fourth quarter worth about $34,000. Finally, Lipe & Dalton acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Citigroup raised their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Company reduced their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Stock Performance

Comcast stock traded up $0.62 during trading hours on Friday, hitting $40.24. The stock had a trading volume of 24,227,565 shares, compared to its average volume of 19,806,908. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The company has a market cap of $159.83 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The company has a 50-day moving average of $41.82 and a two-hundred day moving average of $42.71. 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 released its quarterly earnings data 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 return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

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.