Comcast Co. (NASDAQ:CMCSA) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,757 shares of the cable giant’s stock after selling 512 shares during the quarter. Palouse Capital Management Inc.’s holdings in Comcast were worth $1,963,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NewSquare Capital LLC lifted its stake in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. Fortis Capital Advisors LLC purchased a new position in shares of Comcast during the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Comcast during the 4th quarter worth $34,000. Finally, Lipe & Dalton purchased a new position in shares of Comcast in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.62 during trading hours on Friday, reaching $40.24. The company’s stock had a trading volume of 24,227,475 shares, compared to its average volume of 20,663,566. The business has a 50-day simple moving average of $41.82 and a 200 day simple moving average of $42.71. The stock has a market cap of $159.83 billion, a PE ratio of 10.82, a PEG ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Citigroup increased their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company cut their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.74.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.18% of the stock is owned by corporate insiders.

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.