BTC Capital Management Inc. Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

BTC Capital Management Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 27.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,540 shares of the cable giant’s stock after selling 13,112 shares during the quarter. BTC Capital Management Inc.’s holdings in Comcast were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Koshinski Asset Management Inc. boosted its stake in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares in the last quarter. Taurus Asset Management LLC raised its stake in Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the period. Finally, Saxon Interests Inc. lifted its position in shares of Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Macquarie restated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. Finally, Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly 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 can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on 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 completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents 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.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $33.25 on Friday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $47.11. 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 company has a market cap of $127.23 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.36 and a beta of 1.01. The business’s 50 day moving average is $38.80 and its two-hundred day moving average is $40.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, equities analysts expect that Comcast Co. will post 4.25 EPS for the current year.

About Comcast

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.