RFG Advisory LLC Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

RFG Advisory LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,261 shares of the cable giant’s stock after selling 2,688 shares during the quarter. RFG Advisory LLC’s holdings in Comcast were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CMCSA. World Investment Advisors LLC raised its stake in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Tidal Investments LLC raised its position in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after acquiring an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in Comcast in the third quarter valued at $2,541,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.4 %

Shares of Comcast stock opened at $37.62 on Friday. The company’s fifty day simple moving average is $39.31 and its two-hundred day simple moving average is $40.14. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $143.95 billion, a P/E ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. Comcast’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.