Buckhead Capital Management LLC Sells 18,247 Shares of Comcast Co. (NASDAQ:CMCSA)

Buckhead Capital Management LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 108,561 shares of the cable giant’s stock after selling 18,247 shares during the period. Comcast makes up approximately 1.8% of Buckhead Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Buckhead Capital Management LLC’s holdings in Comcast were worth $4,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. NewSquare Capital LLC increased its position in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the fourth quarter valued at $34,000. Lipe & Dalton bought a new position in Comcast in the 4th quarter worth $37,000. Valued Wealth Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth about $44,000. Finally, Legacy Bridge LLC lifted its stake in Comcast by 358.7% during the 4th quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after acquiring an additional 825 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CMCSA. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Wells Fargo & Company decreased their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.09 during trading on Wednesday, reaching $38.20. The company’s stock had a trading volume of 19,369,695 shares, compared to its average volume of 20,858,467. The business’s fifty day moving average price is $41.47 and its 200-day moving average price is $42.47. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The firm has a market cap of $151.73 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.97 and a beta of 0.98. 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 posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share 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 analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. As a group, analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.