London Co. of Virginia Sells 338,686 Shares of Comcast Co. (NASDAQ:CMCSA)

London Co. of Virginia cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,069,386 shares of the cable giant's stock after selling 338,686 shares during the quarter. London Co. of Virginia owned about 0.08% of Comcast worth $115,194,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Laurion Capital Management LP grew its position in shares of Comcast by 1.1% in the fourth quarter. Laurion Capital Management LP now owns 555,945 shares of the cable giant's stock valued at $20,865,000 after purchasing an additional 5,945 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in Comcast by 87.4% in the 4th quarter. Investment Management Corp of Ontario now owns 261,852 shares of the cable giant's stock valued at $9,827,000 after purchasing an additional 122,100 shares during the period. Jefferies Financial Group Inc. boosted its stake in Comcast by 427.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 245,568 shares of the cable giant's stock valued at $9,216,000 after purchasing an additional 199,038 shares during the period. KKM Financial LLC increased its position in Comcast by 0.9% during the 4th quarter. KKM Financial LLC now owns 50,649 shares of the cable giant's stock worth $1,901,000 after buying an additional 447 shares during the period. Finally, Hudson Bay Capital Management LP boosted its position in shares of Comcast by 902.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant's stock valued at $2,469,000 after acquiring an additional 73,980 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.77 during midday trading on Thursday, hitting $35.33. The company had a trading volume of 18,150,200 shares, compared to its average volume of 21,899,080. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average price is $34.90 and its 200-day moving average price is $37.42. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market capitalization of $131.91 billion, a PE ratio of 8.51, a P/E/G ratio of 1.78 and a beta of 0.97.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Benchmark dropped their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued 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 an average target price 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.