Dover Advisors LLC Sells 1,676 Shares of Comcast Co. (NASDAQ:CMCSA)

Dover Advisors LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,927 shares of the cable giant’s stock after selling 1,676 shares during the period. Dover Advisors LLC’s holdings in Comcast were worth $260,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its position in Comcast by 15.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,975 shares of the cable giant’s stock valued at $87,000 after acquiring an additional 262 shares during the last quarter. Conservest Capital Advisors Inc. lifted its stake in shares of Comcast by 476.4% in the fourth quarter. Conservest Capital Advisors Inc. now owns 43,287 shares of the cable giant’s stock worth $1,898,000 after acquiring an additional 35,777 shares during the period. Sargent Investment Group LLC lifted its stake in shares of Comcast by 16.4% in the fourth quarter. Sargent Investment Group LLC now owns 12,240 shares of the cable giant’s stock worth $537,000 after acquiring an additional 1,724 shares during the period. Stonebrook Private Inc. acquired a new position in shares of Comcast in the fourth quarter worth approximately $2,158,000. Finally, PGGM Investments lifted its stake in shares of Comcast by 41.3% in the fourth quarter. PGGM Investments now owns 503,269 shares of the cable giant’s stock worth $22,068,000 after acquiring an additional 147,129 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Scotiabank lowered their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Citigroup boosted their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.45.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.70 during trading on Friday, reaching $38.57. 29,783,241 shares of the stock traded hands, compared to its average volume of 21,514,964. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The company has a 50-day moving average of $41.58 and a 200-day moving average of $42.55. The stock has a market capitalization of $153.19 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated 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 the SEC website. 1.18% of the stock is currently owned by insiders.

Comcast Company 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.