Strategic Investment Advisors MI Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Strategic Investment Advisors MI lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,809 shares of the cable giant’s stock after selling 11,293 shares during the quarter. Strategic Investment Advisors MI’s holdings in Comcast were worth $1,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Winch Advisory Services LLC boosted its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Comcast in the 3rd quarter worth approximately $30,000. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC boosted its holdings in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

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

Comcast Stock Up 0.4 %

CMCSA stock opened at $37.62 on Monday. 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 Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The firm’s 50-day simple moving average is $39.31 and its 200 day simple moving average is $40.16. The stock has a market cap of $143.95 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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 business 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 company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CMCSA shares. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.33.

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.