Pittenger & Anderson Inc. Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

Pittenger & Anderson Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,063 shares of the cable giant’s stock after selling 965 shares during the period. Pittenger & Anderson Inc.’s holdings in Comcast were worth $1,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC increased its holdings in 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 purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Comcast during the 4th quarter worth about $34,000. Lipe & Dalton purchased a new position in shares of Comcast in the fourth quarter valued at approximately $37,000. Finally, First Personal Financial Services acquired a new position in shares of Comcast in the third quarter worth $39,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup increased their target price 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. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Stock Performance

Comcast stock traded down $2.34 during trading hours on Thursday, hitting $37.87. The stock had a trading volume of 37,349,283 shares, compared to its average volume of 20,838,734. The company has a market cap of $150.41 billion, a PE ratio of 10.14, a price-to-earnings-growth 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. The company has a 50-day moving average of $41.72 and a two-hundred day moving average of $42.64. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46.

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

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.