Cannell & Co. Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

Cannell & Co. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 431,712 shares of the cable giant’s stock after selling 6,535 shares during the period. Cannell & Co.’s holdings in Comcast were worth $18,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Pillar Wealth Advisors LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $412,000. Parthenon LLC increased its holdings in Comcast by 4.6% during the fourth quarter. Parthenon LLC now owns 7,898 shares of the cable giant’s stock valued at $346,000 after buying an additional 348 shares during the period. Hartford Funds Management Co LLC raised its stake in Comcast by 39.6% in the fourth quarter. Hartford Funds Management Co LLC now owns 13,169 shares of the cable giant’s stock worth $577,000 after buying an additional 3,734 shares in the last quarter. Savant Capital LLC lifted its holdings in Comcast by 8.3% during the fourth quarter. Savant Capital LLC now owns 126,225 shares of the cable giant’s stock worth $5,535,000 after buying an additional 9,714 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in Comcast by 20.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 18,185 shares of the cable giant’s stock valued at $797,000 after acquiring an additional 3,144 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Redburn Atlantic cut shares of 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 report on Thursday, February 15th. Wells Fargo & Company lowered their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.23 on Wednesday, hitting $38.34. 6,598,066 shares of the company’s stock traded hands, compared to its average volume of 20,695,582. The firm’s 50-day moving average price is $41.47 and its two-hundred day moving average price is $42.47. The firm has a market capitalization of $152.28 billion, a PE ratio of 10.13, a P/E/G ratio of 0.97 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly 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 for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts expect that Comcast Co. will post 4.21 EPS for the current 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.