Comcast Co. (NASDAQ:CMCSA) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,285 shares of the cable giant’s stock after selling 1,595 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Comcast were worth $670,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Wealthspire Advisors LLC grew its position in shares of Comcast by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the last quarter. Everett Harris & Co. CA increased its position in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in shares of Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after purchasing an additional 10,936 shares during the period. Finally, Altus Wealth Group LLC grew its stake in Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after buying an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock traded down $0.51 during trading on Thursday, reaching $38.54. 23,590,154 shares of the company were exchanged, compared to its average volume of 21,116,094. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day moving average price is $41.05 and its 200 day moving average price is $42.26. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a market cap of $151.22 billion, a P/E ratio of 10.20, a PEG ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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 for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CMCSA shares. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast 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.