Comcast Co. (NASDAQ:CMCSA) Shares Sold by Aspire Private Capital LLC

Aspire Private Capital LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,097 shares of the cable giant’s stock after selling 1,066 shares during the quarter. Aspire Private Capital LLC’s holdings in Comcast were worth $837,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. California Public Employees Retirement System increased its stake in Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after purchasing an additional 581,163 shares in the last quarter. Foster & Motley Inc. increased its stake in Comcast by 18.0% in the 4th quarter. Foster & Motley Inc. now owns 100,354 shares of the cable giant’s stock valued at $4,401,000 after purchasing an additional 15,297 shares in the last quarter. RWA Wealth Partners LLC increased its stake in Comcast by 87.3% in the 4th quarter. RWA Wealth Partners LLC now owns 437,218 shares of the cable giant’s stock valued at $19,172,000 after purchasing an additional 203,840 shares in the last quarter. Mengis Capital Management Inc. increased its stake in Comcast by 33.9% in the 4th quarter. Mengis Capital Management Inc. now owns 11,167 shares of the cable giant’s stock valued at $490,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Telemus Capital LLC increased its stake in Comcast by 17.7% in the 4th quarter. Telemus Capital LLC now owns 21,232 shares of the cable giant’s stock valued at $931,000 after purchasing an additional 3,199 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CMCSA shares. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. 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. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI reissued an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. 1.18% of the stock is owned by insiders.

Comcast Trading Up 0.8 %

Shares of CMCSA stock traded up $0.33 during mid-day trading on Monday, hitting $40.57. 24,641,877 shares of the company’s stock were exchanged, compared to its average volume of 20,715,254. 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 $41.82 and a two-hundred day simple moving average of $42.70. 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 $161.14 billion, a price-to-earnings ratio of 10.82, 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, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Equities analysts expect that Comcast Co. will post 4.23 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.