Patriot Investment Management Group Inc. Sells 381 Shares of Comcast Co. (NASDAQ:CMCSA)

Patriot Investment Management Group Inc. lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,782 shares of the cable giant’s stock after selling 381 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Comcast were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Comcast by 5.4% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 116,427 shares of the cable giant’s stock worth $4,353,000 after buying an additional 6,010 shares in the last quarter. Brighton Jones LLC increased its holdings in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Hengehold Capital Management LLC raised its stake in Comcast by 0.8% during the 4th quarter. Hengehold Capital Management LLC now owns 76,597 shares of the cable giant’s stock worth $2,875,000 after acquiring an additional 631 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its holdings in Comcast by 8.9% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 12,715 shares of the cable giant’s stock valued at $477,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Apeiron RIA LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $637,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.4 %

CMCSA opened at $37.62 on Friday. The firm has a market cap of $143.95 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The stock has a 50-day moving average of $39.42 and a 200 day moving average of $40.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CMCSA shares. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.