Tandem Capital Management Corp ADV Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Tandem Capital Management Corp ADV decreased its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,608 shares of the cable giant’s stock after selling 1,400 shares during the period. Comcast accounts for about 1.4% of Tandem Capital Management Corp ADV’s investment portfolio, making the stock its 22nd biggest position. Tandem Capital Management Corp ADV’s holdings in Comcast were worth $2,263,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the fourth quarter worth $34,000. Lipe & Dalton purchased a new stake in Comcast during the fourth quarter worth $37,000. Finally, First Personal Financial Services purchased a new stake in Comcast during the third quarter worth $39,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Benchmark reiterated 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 set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Citigroup upped their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company cut their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Price Performance

CMCSA traded down $2.34 during trading on Thursday, reaching $37.87. The company’s stock had a trading volume of 37,791,862 shares, compared to its average volume of 20,846,986. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $41.64 and a two-hundred day simple moving average of $42.61. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a market cap of $150.41 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.98 and a beta of 0.98.

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

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

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.