OLD National Bancorp IN Sells 4,378 Shares of Comcast Co. (NASDAQ:CMCSA)

OLD National Bancorp IN decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,776 shares of the cable giant’s stock after selling 4,378 shares during the period. OLD National Bancorp IN’s holdings in Comcast were worth $1,793,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after purchasing an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Comcast by 4.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after buying an additional 676,920 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 11.0 %

NASDAQ:CMCSA opened at $33.25 on Friday. The firm’s fifty day moving average is $39.01 and its 200-day moving average is $40.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $47.11. The firm has a market cap of $127.23 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Equities analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’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 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 SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Macquarie restated a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus 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.