Sequoia Financial Advisors LLC Has $16.20 Million Stock Holdings in Comcast Corporation $CMCSA

Sequoia Financial Advisors LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 542,082 shares of the cable giant’s stock after acquiring an additional 104,483 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Comcast were worth $16,203,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Comcast by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after acquiring an additional 2,160,829 shares during the period. State Street Corp lifted its stake in shares of Comcast by 4.6% during the third quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after acquiring an additional 7,917,335 shares during the period. Dodge & Cox lifted its stake in shares of Comcast by 1.2% during the third quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after acquiring an additional 1,295,598 shares during the period. Capital Research Global Investors lifted its stake in shares of Comcast by 46.1% during the third quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after acquiring an additional 10,633,206 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Comcast by 2.9% during the third quarter. Legal & General Group Plc now owns 24,104,774 shares of the cable giant’s stock valued at $757,372,000 after acquiring an additional 686,520 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CMCSA shares. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Royal Bank Of Canada increased their target price on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Wednesday, April 8th. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Finally, Evercore increased their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.94.

Comcast Stock Down 0.8%

Shares of Comcast stock opened at $26.24 on Friday. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66. The business has a 50-day moving average of $29.08 and a two-hundred day moving average of $28.93. The company has a market capitalization of $93.74 billion, a P/E ratio of 5.17, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Comcast Corporation will post 3.58 EPS for the current year.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.