Comcast Co. (NASDAQ:CMCSA) Shares Sold by Bank of New Hampshire

Bank of New Hampshire reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,930 shares of the cable giant’s stock after selling 2,970 shares during the quarter. Bank of New Hampshire’s holdings in Comcast were worth $435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Everett Harris & Co. CA boosted its position in shares of Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. raised its stake in Comcast by 1.5% during 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 acquiring an additional 1,486 shares during the last quarter. Altus Wealth Group LLC raised 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 valued at $823,000 after acquiring an additional 1,432 shares during the last quarter. PFG Advisors raised its stake in Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after acquiring an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Comcast during the 3rd quarter valued at approximately $8,868,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Citigroup increased their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Trading Down 5.8 %

Shares of CMCSA stock traded down $2.34 during mid-day trading on Thursday, hitting $37.87. 37,344,253 shares of the company’s stock were exchanged, compared to its average volume of 20,838,734. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The stock has a 50-day simple moving average of $41.72 and a two-hundred day simple moving average of $42.64. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market cap of $150.41 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

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.