Comcast Co. (NASDAQ:CMCSA) Position Cut by Algert Global LLC

Algert Global LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 106,680 shares of the cable giant's stock after selling 13,038 shares during the period. Algert Global LLC's holdings in Comcast were worth $4,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its position in shares of Comcast by 1.9% during the 4th quarter. Bangor Savings Bank now owns 20,690 shares of the cable giant's stock worth $776,000 after buying an additional 385 shares during the last quarter. Diversified Trust Co lifted its stake in Comcast by 7.3% in the fourth quarter. Diversified Trust Co now owns 223,567 shares of the cable giant's stock valued at $8,390,000 after buying an additional 15,305 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Comcast in the 4th quarter valued at $245,000. InvesTrust acquired a new stake in Comcast during the 4th quarter worth $441,000. Finally, Michael S. Ryan Inc. grew its position in Comcast by 19.6% during the 4th quarter. Michael S. Ryan Inc. now owns 8,685 shares of the cable giant's stock worth $326,000 after purchasing an additional 1,424 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMCSA shares. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 1.7%

Shares of NASDAQ:CMCSA traded up $0.57 during mid-day trading on Monday, hitting $34.82. 5,611,466 shares of the company traded hands, compared to its average volume of 27,052,531. The firm has a market cap of $129.99 billion, a P/E ratio of 8.39, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The firm's 50 day simple moving average is $35.01 and its 200 day simple moving average is $37.51. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current 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.