CFS Investment Advisory Services LLC Sells 620 Shares of Comcast Co. (NASDAQ:CMCSA)

CFS Investment Advisory Services LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 31,972 shares of the cable giant’s stock after selling 620 shares during the period. CFS Investment Advisory Services LLC’s holdings in Comcast were worth $1,200,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. FMR LLC increased its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after buying an additional 1,963,246 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Comcast by 31.7% during the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after buying an additional 1,833,453 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock opened at $37.62 on Friday. The firm’s fifty day moving average price is $39.31 and its 200-day moving average price is $40.14. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $143.95 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company lowered their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.