SOL Capital Management CO Decreases Holdings in Comcast Co. (NASDAQ:CMCSA)

SOL Capital Management CO lowered its position in Comcast Co. (NASDAQ:CMCSA) by 13.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 62,401 shares of the cable giant’s stock after selling 9,686 shares during the period. SOL Capital Management CO’s holdings in Comcast were worth $2,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Regal Investment Advisors LLC increased its holdings in shares of Comcast by 8.5% in the second quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock worth $345,000 after buying an additional 687 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Comcast during the 2nd quarter worth approximately $68,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 77.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,594,006 shares of the cable giant’s stock worth $140,741,000 after purchasing an additional 1,568,995 shares during the period. Centaurus Financial Inc. lifted its position in Comcast by 77.2% in the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock valued at $555,000 after purchasing an additional 6,179 shares during the last quarter. Finally, Ashburton Jersey Ltd purchased a new stake in shares of Comcast during the second quarter valued at approximately $76,000. 84.32% of the stock is currently owned by institutional investors.

Insider Activity at Comcast

In other 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 $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on CMCSA. Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Macquarie reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 11.0 %

NASDAQ:CMCSA opened at $33.25 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50-day moving average price is $39.01 and its 200-day moving average price is $40.15. The company has a market capitalization of $127.23 billion, a PE ratio of 8.94, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, equities analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

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.