Buckhead Capital Management LLC Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

Buckhead Capital Management LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,561 shares of the cable giant’s stock after selling 18,247 shares during the quarter. Comcast accounts for about 1.8% of Buckhead Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Buckhead Capital Management LLC’s holdings in Comcast were worth $4,760,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMCSA. Searle & CO. boosted its holdings in Comcast by 249.4% in the 4th quarter. Searle & CO. now owns 23,086 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 16,478 shares during the period. Concord Wealth Partners grew its holdings in Comcast by 19.4% during the 4th quarter. Concord Wealth Partners now owns 32,983 shares of the cable giant’s stock valued at $1,446,000 after purchasing an additional 5,351 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in Comcast during the 4th quarter worth approximately $123,000. Berry Wealth Group LP acquired a new position in shares of Comcast in the 4th quarter valued at about $2,804,000. Finally, Pillar Wealth Advisors LLC bought a new position in Comcast in the fourth quarter worth about $412,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. BNP Paribas restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Trading Up 0.2 %

Shares of Comcast stock traded up $0.09 during trading on Wednesday, reaching $38.20. 19,369,695 shares of the company were exchanged, compared to its average volume of 20,858,467. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $151.73 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.97 and a beta of 0.98. The business has a 50-day moving average price of $41.47 and a 200-day moving average price of $42.47. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Company 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.