Granite Group Advisors LLC Sells 888 Shares of Comcast Co. (NASDAQ:CMCSA)

Granite Group Advisors LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 53,196 shares of the cable giant’s stock after selling 888 shares during the quarter. Comcast comprises 1.3% of Granite Group Advisors LLC’s holdings, making the stock its 21st largest holding. Granite Group Advisors LLC’s holdings in Comcast were worth $1,996,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its holdings in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC grew its holdings in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after buying an additional 2,885,370 shares during the period. SG Americas Securities LLC grew 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 valued at $120,739,000 after buying an additional 1,963,246 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Comcast by 31.7% in the 3rd 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 and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.4 %

Comcast stock opened at $37.62 on Monday. The company’s 50-day moving average price is $39.31 and its two-hundred day moving average price is $40.16. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The stock has a market cap of $143.95 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (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 firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Finally, Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $45.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.33.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.