Wilkins Investment Counsel Inc. Has $887,000 Holdings in Comcast Corporation $CMCSA

Wilkins Investment Counsel Inc. cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 39.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,676 shares of the cable giant’s stock after selling 19,500 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Comcast were worth $887,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. State Street Corp grew its stake in shares of Comcast by 4.6% in the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the last quarter. Dodge & Cox grew its stake in shares of Comcast by 1.2% in the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock worth $3,536,884,000 after purchasing an additional 1,295,598 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Comcast by 46.1% in the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after purchasing an additional 10,633,206 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Comcast by 2.9% in the third quarter. Legal & General Group Plc now owns 24,104,774 shares of the cable giant’s stock worth $757,372,000 after purchasing an additional 686,520 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. KeyCorp reissued a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. BNP Paribas Exane reduced their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 8th. Arete Research set a $23.00 price objective on shares of Comcast in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Finally, Evercore upped their price target on shares of Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.94.

Comcast Stock Performance

Shares of CMCSA opened at $27.17 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $97.04 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 2.19 and a beta of 0.71. The firm’s fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $29.00. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. As a group, analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.