Lmcg Investments LLC Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Lmcg Investments LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,763 shares of the cable giant’s stock after selling 14,957 shares during the period. Lmcg Investments LLC’s holdings in Comcast were worth $967,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on 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 directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

CMCSA opened at $36.97 on Wednesday. The firm’s 50-day moving average price is $39.81 and its 200-day moving average price is $40.18. The company has a market cap of $141.47 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. 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.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMCSA shares. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Macquarie restated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.