Cora Capital Advisors LLC Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cora Capital Advisors LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,925 shares of the cable giant’s stock after selling 4,535 shares during the period. Cora Capital Advisors LLC’s holdings in Comcast were worth $560,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter valued at approximately $30,000. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Macquarie reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Transactions at Comcast

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

Comcast Trading Up 0.4 %

NASDAQ CMCSA opened at $37.62 on Friday. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The firm has a 50 day moving average of $39.31 and a two-hundred day moving average of $40.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $143.95 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

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