Comcast Co. (NASDAQ:CMCSA) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,216,528 shares of the cable giant’s stock after selling 22,981 shares during the period. Welch & Forbes LLC’s holdings in Comcast were worth $53,345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast in the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new position in Comcast during the fourth quarter worth approximately $37,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Comcast in the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Friday, April 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Finally, Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Stock Performance

CMCSA stock traded down $0.20 on Monday, reaching $38.49. 32,164,810 shares of the company were exchanged, compared to its average volume of 20,949,441. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $151.02 billion, a PE ratio of 10.18, a PEG ratio of 0.97 and a beta of 0.99. The stock’s fifty day moving average price is $41.18 and its 200 day moving average price is $42.32. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its 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. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the company posted $0.92 earnings per share. Comcast’s revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.