Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 755 Shares of Comcast Co. (NASDAQ:CMCSA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,483 shares of the cable giant’s stock after selling 755 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Comcast were worth $1,139,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Everett Harris & Co. CA lifted its holdings in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares during the period. Altus Wealth Group LLC raised its position in shares of Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares in the last quarter. PFG Advisors raised its position in shares of Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after buying an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Comcast in the third quarter valued at about $8,868,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Wells Fargo & Company cut their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is owned by corporate insiders.

Comcast Stock Up 0.3 %

CMCSA stock traded up $0.14 during trading hours on Tuesday, hitting $40.71. The company’s stock had a trading volume of 6,715,228 shares, compared to its average volume of 20,531,836. 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 company has a market capitalization of $161.69 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a 50 day moving average price of $41.78 and a two-hundred day moving average price of $42.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. On average, equities research analysts expect 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.