Xn LP Sells 2,015,181 Shares of Comcast Co. (NASDAQ:CMCSA)

Xn LP decreased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 79.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 510,677 shares of the cable giant's stock after selling 2,015,181 shares during the period. Comcast comprises about 0.8% of Xn LP's investment portfolio, making the stock its 20th biggest position. Xn LP's holdings in Comcast were worth $19,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CMCSA. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter valued at $743,681,000. Bfsg LLC grew its holdings in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. grew its holdings in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. grew its holdings in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Trading Down 0.1%

Shares of NASDAQ CMCSA opened at $35.44 on Tuesday. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a market cap of $132.32 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm has a 50-day moving average of $34.88 and a 200 day moving average of $37.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Comcast's revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMCSA. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 target price (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. KeyCorp cut their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Morgan Stanley set a $37.00 price target on shares of Comcast in a report on Friday, April 25th. Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.10.

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.

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