First Fiduciary Investment Counsel Inc. Has $15.25 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

First Fiduciary Investment Counsel Inc. reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 347,758 shares of the cable giant’s stock after selling 2,379 shares during the quarter. Comcast comprises approximately 3.4% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 6th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Comcast were worth $15,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. NewSquare Capital LLC lifted its holdings in Comcast by 94.1% during the 3rd 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 last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in Comcast during the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services acquired a new stake in Comcast during the 3rd quarter worth approximately $39,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several research reports. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. Finally, Citigroup lifted their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Trading Up 1.8 %

NASDAQ CMCSA opened at $38.57 on Friday. The business’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $42.57. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The firm has a market capitalization of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

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.