AlTi Global Inc. Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

AlTi Global Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,902 shares of the cable giant's stock after selling 15,549 shares during the quarter. AlTi Global Inc.'s holdings in Comcast were worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast during the fourth quarter worth $36,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.3 %

Shares of Comcast stock traded down $0.10 during trading hours on Wednesday, reaching $34.39. 25,154,055 shares of the company were exchanged, compared to its average volume of 21,881,641. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The firm has a market cap of $130.03 billion, a PE ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock's fifty day moving average is $35.10 and its 200 day moving average is $37.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

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.