Catalyst Financial Partners LLC Sells 2,167 Shares of Comcast Co. (NASDAQ:CMCSA)

Catalyst Financial Partners LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 19,922 shares of the cable giant’s stock after selling 2,167 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Comcast were worth $874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewSquare Capital LLC grew its holdings in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast in the 4th quarter worth $37,000. Finally, Valued Wealth Advisors LLC bought a new stake in Comcast during the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Price Performance

CMCSA stock traded down $0.51 during midday trading on Thursday, reaching $38.54. The company had a trading volume of 23,590,154 shares, compared to its average volume of 21,116,094. The firm has a 50-day moving average price of $41.05 and a 200-day moving average price of $42.26. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $151.22 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.97 and a beta of 0.99.

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

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.