Bryn Mawr Capital Management LLC Sells 4,844 Shares of Comcast Co. (NASDAQ:CMCSA)

Bryn Mawr Capital Management LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,560 shares of the cable giant’s stock after selling 4,844 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $814,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton bought a new position in shares of Comcast in the 4th quarter valued at about $37,000. Finally, First Personal Financial Services bought a new position in shares of Comcast in the 3rd quarter valued at about $39,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Scotiabank decreased their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $38.57 on Friday. The company’s 50 day simple moving average is $41.58 and its 200 day simple moving average is $42.57. The stock has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Comcast Company 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.