Hancock Whitney Corp Sells 25,090 Shares of Comcast Co. (NASDAQ:CMCSA)

Hancock Whitney Corp cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,440 shares of the cable giant's stock after selling 25,090 shares during the quarter. Hancock Whitney Corp's holdings in Comcast were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its position in shares of Comcast by 2.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 85,006 shares of the cable giant's stock valued at $3,190,000 after acquiring an additional 2,061 shares in the last quarter. Burling Wealth Partners LLC acquired a new position in Comcast in the fourth quarter valued at approximately $653,000. Adage Capital Partners GP L.L.C. boosted its position in Comcast by 2.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,468,859 shares of the cable giant's stock valued at $130,186,000 after purchasing an additional 77,500 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Comcast by 5.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 63,695 shares of the cable giant's stock worth $2,382,000 after acquiring an additional 3,273 shares during the last quarter. Finally, MGO One Seven LLC increased its stake in shares of Comcast by 6.7% in the fourth quarter. MGO One Seven LLC now owns 120,233 shares of the cable giant's stock valued at $4,512,000 after purchasing an additional 7,594 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

CMCSA traded down $0.23 during trading on Wednesday, hitting $33.71. The stock had a trading volume of 7,003,863 shares, compared to its average volume of 21,817,516. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50 day simple moving average of $35.25 and a 200-day simple moving average of $37.95. The firm has a market cap of $127.46 billion, a PE ratio of 8.12, a P/E/G ratio of 1.78 and a beta of 0.94. 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 released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during 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 revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.10.

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.