Comcast Co. (NASDAQ:CMCSA) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 381,814 shares of the cable giant’s stock after selling 19,366 shares during the period. Motley Fool Wealth Management LLC’s holdings in Comcast were worth $16,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMCSA. Meridian Wealth Management LLC raised its stake in Comcast by 3.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 12,770 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 464 shares during the period. CX Institutional raised its position in Comcast by 270.1% during the third quarter. CX Institutional now owns 96,633 shares of the cable giant’s stock valued at $4,285,000 after buying an additional 70,523 shares during the period. Advisory Alpha LLC lifted its stake in Comcast by 2.4% in the 3rd quarter. Advisory Alpha LLC now owns 13,460 shares of the cable giant’s stock worth $597,000 after acquiring an additional 319 shares in the last quarter. Welch Group LLC lifted its stake in Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after acquiring an additional 239 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Comcast by 4.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,348,574 shares of the cable giant’s stock worth $59,796,000 after acquiring an additional 61,700 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s 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 document filed with the SEC, which is available through the SEC website. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

Comcast Price Performance

CMCSA stock traded up $0.70 during midday trading on Friday, reaching $38.57. 29,783,241 shares of the company’s stock traded hands, compared to its average volume of 21,514,964. The company has a 50-day simple moving average of $41.58 and a two-hundred day simple moving average of $42.56. The company has a market cap of $153.19 billion, a price-to-earnings 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 quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current 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.