Stack Financial Management Inc Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Stack Financial Management Inc lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 306,014 shares of the cable giant’s stock after selling 6,802 shares during the period. Stack Financial Management Inc’s holdings in Comcast were worth $13,419,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CMCSA. Greenwich Wealth Management LLC lifted its stake in shares of Comcast by 2.6% during the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after buying an additional 219 shares during the period. Legend Financial Advisors Inc. lifted its stake in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after buying an additional 220 shares during the period. Beaumont Asset Management L.L.C. lifted its stake in shares of Comcast by 1.6% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after buying an additional 226 shares during the period. Keystone Financial Services raised its stake in Comcast by 1.1% during the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in Comcast by 0.7% during the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is available at this link. 1.18% of the stock is owned by corporate insiders.

Comcast Stock Performance

Shares of Comcast stock traded up $0.59 on Friday, reaching $38.46. The stock had a trading volume of 12,667,855 shares, compared to its average volume of 20,740,629. The business’s 50-day moving average price is $41.64 and its two-hundred day moving average price is $42.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The stock has a market cap of $152.76 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMCSA shares. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Scotiabank dropped their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Finally, Citigroup raised their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.45.

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.