Ancora Advisors LLC Sells 14,769 Shares of Comcast Co. (NASDAQ:CMCSA)

Ancora Advisors LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,056 shares of the cable giant's stock after selling 14,769 shares during the quarter. Ancora Advisors LLC's holdings in Comcast were worth $4,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors boosted its holdings in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the period. Norges Bank bought a new stake in shares of Comcast during the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC boosted its stake in Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox grew its holdings in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Comcast by 11.5% during the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after buying an additional 4,669,069 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Down 0.3 %

Shares of NASDAQ CMCSA traded down $0.10 during trading hours on Wednesday, hitting $34.39. The company's stock had a trading volume of 25,154,055 shares, compared to its average volume of 21,846,874. The business has a 50-day simple moving average of $35.10 and a 200-day simple moving average of $37.68. The stock has a market cap of $130.03 billion, a price-to-earnings ratio of 8.29, a P/E/G 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. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31.

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