Generali Asset Management SPA SGR Reduces Position in Comcast Corporation $CMCSA

Generali Asset Management SPA SGR decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 435,059 shares of the cable giant’s stock after selling 29,571 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Comcast were worth $13,004,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Cora Capital Advisors LLC grew its holdings in shares of Comcast by 3.4% during the fourth quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock worth $329,000 after buying an additional 362 shares in the last quarter. FSA Advisors Inc. boosted its position in shares of Comcast by 5.5% during the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock valued at $226,000 after acquiring an additional 376 shares during the last quarter. Oakworth Capital Inc. boosted its position in shares of Comcast by 7.4% during the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock valued at $164,000 after acquiring an additional 377 shares during the last quarter. WPG Advisers LLC boosted its position in shares of Comcast by 15.9% during the 4th quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock valued at $84,000 after acquiring an additional 384 shares during the last quarter. Finally, First National Trust Co boosted its position in shares of Comcast by 0.8% during the 3rd quarter. First National Trust Co now owns 47,047 shares of the cable giant’s stock valued at $1,478,000 after acquiring an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.8%

Shares of CMCSA opened at $26.24 on Friday. The stock has a market capitalization of $93.74 billion, a PE ratio of 5.17, a P/E/G ratio of 2.13 and a beta of 0.71. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66. 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’s 50-day simple moving average is $29.08 and its 200-day simple moving average is $28.93.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. Analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the 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 sale, the chief executive officer owned 622,336 shares of the company’s stock, 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 can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. TD Cowen lowered their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Friday, April 24th. Barclays set a $28.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Citigroup boosted their price target on shares of Comcast from $33.00 to $35.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $34.94.

Comcast 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.