Comcast Co. (NASDAQ:CMCSA) Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 92.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the cable giant's stock after selling 10,000 shares during the period. Morse Asset Management Inc's holdings in Comcast were worth $30,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Promus Capital LLC purchased a new stake in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter worth approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.15 during trading on Friday, reaching $35.48. 20,639,695 shares of the company's stock traded hands, compared to its average volume of 21,931,881. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market cap of $132.47 billion, a PE ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a 50-day simple moving average of $34.88 and a 200-day simple moving average of $37.33.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its 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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMCSA shares. KeyCorp reduced their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Benchmark dropped their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Two investment 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 stock. Based on data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus 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.