Comcast Co. (NASDAQ:CMCSA) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,727 shares of the cable giant’s stock after selling 9,417 shares during the period. Transcend Capital Advisors LLC’s holdings in Comcast were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in Comcast by 94.1% in the third 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. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton purchased a new stake in shares of Comcast in the fourth quarter valued at $37,000. First Personal Financial Services purchased a new stake in Comcast in the 3rd quarter worth about $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth approximately $44,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.70 during trading hours on Friday, hitting $38.57. 29,783,241 shares of the company’s stock were exchanged, compared to its average volume of 21,514,964. The stock has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The company’s 50-day moving average price is $41.58 and its 200-day moving average price is $42.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research reports. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company cut their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.45.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. 1.18% of the stock is owned by company insiders.

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.