Comcast Co. (NASDAQ:CMCSA) Stake Cut by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 66.7% in the 4th quarter, Holdings Channel reports. The firm owned 29,797 shares of the cable giant’s stock after selling 59,787 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Comcast were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Winch Advisory Services LLC lifted its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% in the 3rd 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 period. Safe Harbor Fiduciary LLC acquired a new position in Comcast during the 3rd quarter valued at about $30,000. Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% in the third 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 period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Up 0.4 %

Shares of Comcast stock opened at $37.62 on Monday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company 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. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $39.31 and a 200 day moving average price of $40.16.

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

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Macquarie reissued a “neutral” rating and set a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, TD Cowen lowered their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on 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 directly 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 currently owned by corporate insiders.

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.