Comcast Co. (NASDAQ:CMCSA) Position Trimmed by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,675 shares of the cable giant’s stock after selling 453 shares during the period. Beaumont Financial Advisors LLC’s holdings in Comcast were worth $663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MCF Advisors LLC boosted its holdings in shares of Comcast by 21.5% in the fourth quarter. MCF Advisors LLC now owns 27,375 shares of the cable giant’s stock worth $1,027,000 after buying an additional 4,846 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in Comcast by 5.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,952,198 shares of the cable giant’s stock worth $148,326,000 after purchasing an additional 188,948 shares during the period. LifePlan Financial LLC grew its position in Comcast by 2.1% during the 4th quarter. LifePlan Financial LLC now owns 33,726 shares of the cable giant’s stock worth $1,266,000 after purchasing an additional 703 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Comcast by 6.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 11,289 shares of the cable giant’s stock valued at $424,000 after purchasing an additional 694 shares during the period. Finally, ARS Investment Partners LLC lifted its holdings in shares of Comcast by 41.0% in the fourth quarter. ARS Investment Partners LLC now owns 191,691 shares of the cable giant’s stock valued at $7,194,000 after purchasing an additional 55,770 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Trading Up 0.4 %

Shares of CMCSA stock opened at $37.11 on Thursday. The business’s 50 day moving average is $39.67 and its two-hundred day moving average is $40.18. 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 12 month low of $36.15 and a 12 month high of $47.11. The company has a market cap of $142.00 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.33 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, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen dropped their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. One 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’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $47.33.

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.