Comcast Co. (NASDAQ:CMCSA) Stock Position Decreased by North Star Asset Management Inc.

North Star Asset Management Inc. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,756 shares of the cable giant’s stock after selling 444 shares during the period. North Star Asset Management Inc.’s holdings in Comcast were worth $1,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. NewSquare Capital LLC raised its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Comcast in the 4th quarter valued at approximately $34,000. Lipe & Dalton bought a new position in Comcast in the 4th quarter worth approximately $37,000. First Personal Financial Services bought a new position in Comcast in the 3rd quarter worth approximately $39,000. Finally, Valued Wealth Advisors LLC bought a new position in Comcast in the 4th quarter worth approximately $44,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Comcast Trading Up 0.0 %

NASDAQ CMCSA traded up $0.01 on Monday, reaching $40.25. The company had a trading volume of 4,808,897 shares, compared to its average volume of 20,448,582. The stock’s 50 day moving average is $41.82 and its 200-day moving average is $42.70. The stock has a market cap of $159.87 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.98 and a beta of 0.98. 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 Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CMCSA. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Wells Fargo & Company lowered their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.