Institute for Wealth Management LLC. Has $1.33 Million Position in Comcast Co. (NASDAQ:CMCSA)

Institute for Wealth Management LLC. lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,387 shares of the cable giant’s stock after selling 388 shares during the period. Institute for Wealth Management LLC.’s holdings in Comcast were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Keystone Financial Services grew its holdings in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after purchasing an additional 238 shares in the last quarter. Ironwood Financial llc grew its holdings in shares of Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after purchasing an additional 238 shares in the last quarter. Welch Group LLC grew its holdings in shares of Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after purchasing an additional 239 shares in the last quarter. Finally, Tradewinds LLC. grew its holdings in shares of Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Redburn Atlantic lowered 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. Wells Fargo & Company reduced their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Comcast Price Performance

Shares of CMCSA opened at $40.24 on Friday. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $159.83 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The business has a 50-day moving average of $41.82 and a 200-day moving average of $42.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current 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.