Comcast Co. (NASDAQ:CMCSA) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,078,736 shares of the cable giant's stock after selling 10,421 shares during the period. Cetera Investment Advisers' holdings in Comcast were worth $40,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its position 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 last quarter. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the 4th quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMCSA. Barclays lowered their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research report on Thursday, April 10th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 0.1 %

Shares of NASDAQ CMCSA traded up $0.03 during midday trading on Friday, hitting $34.25. The company's stock had a trading volume of 16,916,562 shares, compared to its average volume of 21,898,385. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $127.88 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business's fifty day simple moving average is $35.01 and its two-hundred day simple moving average is $37.54. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company 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 firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. On average, equities analysts predict that Comcast Co. will post 4.33 EPS 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.