Comcast Co. (NASDAQ:CMCSA) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,555 shares of the cable giant’s stock after selling 6,532 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,524,000 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 position in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings 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 worth $28,000 after acquiring an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast during the fourth quarter valued at approximately $37,000. Finally, First Personal Financial Services acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $39,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 SEC, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.09 during trading hours on Tuesday, reaching $40.66. 7,581,696 shares of the company’s stock were exchanged, compared to its average volume of 20,537,898. The company has a market capitalization of $161.50 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The business’s 50-day simple moving average is $41.78 and its two-hundred day simple moving average is $42.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its 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 for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Wells Fargo & Company cut their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.