SGL Investment Advisors Inc. Reduces Stock Position in Comcast Co. (NASDAQ:CMCSA)

SGL Investment Advisors Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,425 shares of the cable giant’s stock after selling 2,255 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Comcast were worth $852,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Miracle Mile Advisors LLC raised its position in Comcast by 21.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock worth $369,000 after purchasing an additional 1,764 shares during the period. Accurate Wealth Management LLC boosted its holdings in Comcast by 5.5% during the 4th quarter. Accurate Wealth Management LLC now owns 13,278 shares of the cable giant’s stock valued at $483,000 after acquiring an additional 697 shares during the period. Pines Wealth Management LLC bought a new position in Comcast in the 4th quarter valued at $316,000. Assenagon Asset Management S.A. increased its stake in Comcast by 853.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,082,766 shares of the cable giant’s stock worth $40,636,000 after purchasing an additional 969,173 shares during the period. Finally, Apella Capital LLC boosted its stake in shares of Comcast by 21.0% during the fourth quarter. Apella Capital LLC now owns 9,534 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 1,654 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Scotiabank reissued a “sector perform” rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Citigroup decreased their target price on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

NASDAQ CMCSA opened at $35.33 on Friday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm’s fifty day simple moving average is $34.89 and its two-hundred day simple moving average is $37.38. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $131.91 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

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.