Asset Dedication LLC Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Asset Dedication LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,296 shares of the cable giant’s stock after selling 6,228 shares during the quarter. Asset Dedication LLC’s holdings in Comcast were worth $837,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMCSA. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the 3rd quarter worth $30,000. Iron Horse Wealth Management LLC lifted its stake in shares of 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 shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMCSA. Macquarie restated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Barclays upped their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 0.5 %

CMCSA opened at $37.36 on Thursday. The firm has a market cap of $142.96 billion, a P/E ratio of 10.04, a PEG ratio of 1.35 and a beta of 1.01. The business’s fifty day simple moving average is $39.12 and its 200 day simple moving average is $40.17. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. 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 issued its quarterly 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. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 sale, the president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.