Comcast Co. (NASDAQ:CMCSA) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,555 shares of the cable giant’s stock after selling 6,532 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in shares of Comcast by 8.0% in the third quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock worth $386,000 after buying an additional 642 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the period. Onyx Bridge Wealth Group LLC boosted its holdings in Comcast by 12.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 8,015 shares of the cable giant’s stock worth $355,000 after buying an additional 874 shares in the last quarter. Impact Partnership Wealth LLC grew its position in Comcast by 38.4% during the third quarter. Impact Partnership Wealth LLC now owns 4,142 shares of the cable giant’s stock valued at $184,000 after buying an additional 1,150 shares during the period. Finally, Founders Financial Securities LLC increased its holdings in Comcast by 3.6% in the third quarter. Founders Financial Securities LLC now owns 47,359 shares of the cable giant’s stock valued at $2,100,000 after buying an additional 1,639 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMCSA. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Citigroup boosted their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Up 0.2 %

Shares of Comcast stock traded up $0.09 on Tuesday, reaching $40.66. 7,581,696 shares of the company were exchanged, compared to its average volume of 20,537,898. The stock’s 50 day moving average price is $41.78 and its 200-day moving average price is $42.68. The company has a market cap of $161.50 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.18% of the stock is 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.