Williams Jones Wealth Management LLC. Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Williams Jones Wealth Management LLC. reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,157 shares of the cable giant's stock after selling 34,866 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Comcast were worth $9,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in Comcast in the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at $28,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at $36,000. Finally, OFI Invest Asset Management purchased a new position in Comcast in the 4th quarter worth $37,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CMCSA shares. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.1%

Shares of NASDAQ:CMCSA opened at $35.44 on Tuesday. 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 stock has a fifty day simple moving average of $34.88 and a two-hundred day simple moving average of $37.20. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market capitalization of $132.32 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $1.04 EPS. Comcast's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

About Comcast

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.

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