Blue Trust Inc. Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Blue Trust Inc. raised its position in Comcast Co. (NASDAQ:CMCSA) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,705 shares of the cable giant’s stock after purchasing an additional 5,814 shares during the quarter. Blue Trust Inc.’s holdings in Comcast were worth $1,940,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its position 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 during the period. McClarren Financial Advisors Inc. raised its stake 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 valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the third quarter valued at $30,000. Iron Horse Wealth Management LLC grew its stake in Comcast by 220.3% during the 3rd 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 in the last quarter. Finally, Dunhill Financial LLC increased its holdings in Comcast by 54.8% during the 3rd 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. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Macquarie reissued a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

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

Comcast Stock Performance

Shares of CMCSA opened at $38.23 on Tuesday. The company’s 50 day simple moving average is $39.31 and its 200-day simple moving average is $40.18. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market cap of $146.29 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 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 company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the business posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 4.25 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.