Comcast Co. (NASDAQ:CMCSA) is Metropolis Capital Ltd’s 3rd Largest Position

Metropolis Capital Ltd reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,994,686 shares of the cable giant’s stock after selling 447,706 shares during the period. Comcast makes up approximately 10.5% of Metropolis Capital Ltd’s portfolio, making the stock its 3rd biggest holding. Metropolis Capital Ltd’s holdings in Comcast were worth $300,041,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. World Investment Advisors LLC raised its position in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares during the period. Tidal Investments LLC raised its position in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after purchasing an additional 22,684 shares during the last quarter. Parnassus Investments LLC lifted its stake in Comcast by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after buying an additional 15,807 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Comcast during the 3rd quarter worth approximately $2,541,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.0 %

Shares of CMCSA stock opened at $37.47 on Friday. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The firm has a market cap of $143.38 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a 50-day moving average of $39.54 and a two-hundred day moving average of $40.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted 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 firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company posted $1.08 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMCSA shares. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on 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 approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.