UNIVEST FINANCIAL Corp Decreases Holdings in Comcast Corporation $CMCSA

UNIVEST FINANCIAL Corp cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 49.5% in the 4th quarter, HoldingsChannel reports. The firm owned 26,636 shares of the cable giant’s stock after selling 26,140 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Comcast were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Advisor OS LLC increased its position in shares of Comcast by 18.2% during the 4th quarter. Advisor OS LLC now owns 39,373 shares of the cable giant’s stock valued at $1,177,000 after purchasing an additional 6,056 shares during the last quarter. Plato Investment Management Ltd increased its position in shares of Comcast by 7.4% during the 4th quarter. Plato Investment Management Ltd now owns 215,029 shares of the cable giant’s stock valued at $6,459,000 after purchasing an additional 14,907 shares during the last quarter. NewEdge Wealth LLC increased its position in shares of Comcast by 5.2% during the 4th quarter. NewEdge Wealth LLC now owns 70,101 shares of the cable giant’s stock valued at $2,095,000 after purchasing an additional 3,469 shares during the last quarter. Denali Advisors LLC increased its position in shares of Comcast by 36.6% during the 4th quarter. Denali Advisors LLC now owns 35,100 shares of the cable giant’s stock valued at $1,049,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC increased its position in shares of Comcast by 92.1% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 41,539 shares of the cable giant’s stock valued at $1,242,000 after purchasing an additional 19,916 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Comcast Stock Down 0.0%

CMCSA stock opened at $25.39 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $90.71 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 2.04 and a beta of 0.71. Comcast Corporation has a fifty-two week low of $25.35 and a fifty-two week high of $36.66. The stock has a fifty day moving average of $29.08 and a 200-day moving average of $28.93.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CMCSA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research report on Wednesday, April 8th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft lowered Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday, April 24th. Scotiabank raised their target price on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.94.

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.