Benjamin Edwards Inc. Lowers Stock Position in Comcast Corporation $CMCSA

Benjamin Edwards Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 39.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 112,642 shares of the cable giant’s stock after selling 73,751 shares during the period. Benjamin Edwards Inc.’s holdings in Comcast were worth $3,367,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CMCSA. Imprint Wealth LLC purchased a new position in shares of Comcast in the 3rd quarter valued at about $26,000. United Financial Planning Group LLC acquired a new stake in Comcast in the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. lifted its position in shares of Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after buying an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Comcast in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% 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 this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMCSA shares. Wall Street Zen raised shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Friday, April 24th. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. UBS Group reduced their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Finally, Arete Research set a $23.00 target price on Comcast in a research report on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.94.

Comcast Stock Performance

NASDAQ:CMCSA opened at $26.46 on Wednesday. The company has a market cap of $94.52 billion, a P/E ratio of 5.21, a P/E/G ratio of 2.18 and a beta of 0.71. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The company’s 50-day moving average price is $29.29 and its 200-day moving average price is $28.97. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. Comcast’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.