Comcast Co. (NASDAQ:CMCSA) Shares Sold by McAdam LLC

McAdam LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,963 shares of the cable giant’s stock after selling 373 shares during the quarter. McAdam LLC’s holdings in Comcast were worth $437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% during the third 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 last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast during the 4th quarter worth $34,000. Lipe & Dalton acquired a new position in Comcast in the fourth quarter valued at $37,000. Valued Wealth Advisors LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $44,000. Finally, Legacy Bridge LLC boosted its stake in shares of Comcast by 358.7% during the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after buying an additional 825 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Friday. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 issued a buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA opened at $38.85 on Tuesday. The stock has a market capitalization of $154.31 billion, a PE ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $41.54 and a 200-day moving average of $42.51. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.10% and a net margin of 12.64%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, analysts anticipate that Comcast Co. will post 4.21 EPS for the current 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.