Wesbanco Bank Inc. Has $1.46 Million Position in Comcast Co. (NASDAQ:CMCSA)

Wesbanco Bank Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,863 shares of the cable giant’s stock after selling 4,964 shares during the quarter. Wesbanco Bank Inc.’s holdings in Comcast were worth $1,459,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Fred Alger Management LLC increased its position in Comcast by 5.6% during the 2nd quarter. Fred Alger Management LLC now owns 129,580 shares of the cable giant’s stock valued at $5,074,000 after purchasing an additional 6,818 shares during the period. AlTi Global Inc. increased its position in shares of Comcast by 7.6% during the second quarter. AlTi Global Inc. now owns 49,795 shares of the cable giant’s stock worth $1,950,000 after buying an additional 3,500 shares during the period. AQR Capital Management LLC raised its stake in Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Comcast in the second quarter valued at $5,184,000. Finally, DoubleLine ETF Adviser LP boosted its position in Comcast by 5.2% during the second quarter. DoubleLine ETF Adviser LP now owns 95,688 shares of the cable giant’s stock valued at $3,747,000 after acquiring an additional 4,687 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.0 %

Shares of Comcast stock opened at $37.47 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $39.54 and a 200 day simple moving average of $40.16. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a market capitalization of $143.38 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research note on Monday, December 16th. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Company 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.