Sapient Capital LLC Sells 3,377 Shares of Comcast Co. (NASDAQ:CMCSA)

Sapient Capital LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 35,636 shares of the cable giant’s stock after selling 3,377 shares during the quarter. Sapient Capital LLC’s holdings in Comcast were worth $1,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Steph & Co. raised its position in shares of Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast in the fourth quarter valued at $28,000. Finally, Pineridge Advisors LLC purchased a new position in shares of Comcast in the fourth quarter valued at $32,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 1.9 %

CMCSA traded down $0.74 during trading on Tuesday, hitting $38.11. 20,201,195 shares of the stock were exchanged, compared to its average volume of 20,876,318. The firm has a 50 day simple moving average of $41.47 and a 200 day simple moving average of $42.47. The firm has a market cap of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. As a group, equities analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.