PFG Investments LLC Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

PFG Investments LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,730 shares of the cable giant’s stock after selling 393 shares during the period. PFG Investments LLC’s holdings in Comcast were worth $1,679,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter valued at about $30,000. Iron Horse Wealth Management LLC increased its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CMCSA. Macquarie reaffirmed a “neutral” rating and set a $42.00 price target on shares of Comcast in a research report on Monday, January 6th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Finally, KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Up 1.6 %

Shares of Comcast stock opened at $38.23 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a market capitalization of $146.29 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a 50 day moving average of $39.31 and a 200 day moving average of $40.18.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. As a group, research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal 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.