Catalyst Financial Partners LLC Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Catalyst Financial Partners LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,922 shares of the cable giant’s stock after selling 2,167 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Comcast were worth $874,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Pioneer Trust Bank N A OR boosted its holdings in shares of Comcast by 14.4% in the 4th quarter. Pioneer Trust Bank N A OR now owns 128,784 shares of the cable giant’s stock valued at $5,647,000 after purchasing an additional 16,256 shares during the last quarter. National Pension Service increased its stake in Comcast by 2.2% during the fourth quarter. National Pension Service now owns 7,505,854 shares of the cable giant’s stock worth $329,132,000 after acquiring an additional 160,024 shares during the last quarter. Meridian Wealth Advisors LLC lifted its stake in shares of Comcast by 3.5% in the 4th quarter. Meridian Wealth Advisors LLC now owns 77,503 shares of the cable giant’s stock valued at $3,399,000 after purchasing an additional 2,642 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of Comcast by 2.9% during the 4th quarter. RMR Wealth Builders now owns 31,652 shares of the cable giant’s stock worth $1,388,000 after purchasing an additional 896 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Comcast by 3.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 510,474 shares of the cable giant’s stock worth $22,384,000 after purchasing an additional 16,672 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMCSA. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Citigroup decreased their price target on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.51 during midday trading on Thursday, reaching $38.54. 23,590,154 shares of the company traded hands, compared to its average volume of 21,116,094. The stock has a 50-day moving average price of $41.05 and a 200 day moving average price of $42.26. The company has a market cap of $151.22 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 business 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%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

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.