Anchor Capital Advisors LLC Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Anchor Capital Advisors LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 371,255 shares of the cable giant’s stock after selling 1,798 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Comcast were worth $16,280,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bfsg LLC bought a new stake in Comcast in the third quarter worth $345,000. Ascent Wealth Partners LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $447,000. Brookstone Capital Management boosted its holdings in Comcast by 8.4% during the 3rd quarter. Brookstone Capital Management now owns 148,778 shares of the cable giant’s stock valued at $6,408,000 after acquiring an additional 11,489 shares during the period. Scissortail Wealth Management LLC grew its position in Comcast by 1.2% during the 3rd quarter. Scissortail Wealth Management LLC now owns 90,622 shares of the cable giant’s stock worth $3,884,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Moreno Evelyn V increased its stake in Comcast by 0.5% in the 3rd quarter. Moreno Evelyn V now owns 143,094 shares of the cable giant’s stock worth $6,345,000 after purchasing an additional 684 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMCSA shares. Citigroup cut their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Trading Up 0.7 %

CMCSA traded up $0.28 on Monday, hitting $38.85. The company had a trading volume of 14,664,885 shares, compared to its average volume of 20,881,303. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company’s fifty day moving average price is $41.58 and its 200 day moving average price is $42.55. The firm has a market cap of $154.31 billion, a P/E ratio of 10.28, a PEG ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, equities analysts expect that Comcast Co. will post 4.21 earnings per share for the current year.

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.