Paradigm Financial Partners LLC Has $519,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Paradigm Financial Partners LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 75.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,838 shares of the cable giant’s stock after selling 36,101 shares during the period. Paradigm Financial Partners LLC’s holdings in Comcast were worth $519,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CMCSA. Greenwich Wealth Management LLC raised its holdings in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its holdings in Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after buying an additional 220 shares during the period. Beaumont Asset Management L.L.C. boosted its position in Comcast by 1.6% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services grew its holdings in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares during the period. Finally, Ironwood Financial llc grew its holdings in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMCSA shares. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Scotiabank cut their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.83.

Comcast Stock Performance

Comcast stock opened at $38.57 on Monday. The firm’s 50 day simple moving average is $41.58 and its 200 day simple moving average is $42.55. The firm has a market capitalization of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth 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 Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

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