Comcast Co. (NASDAQ:CMCSA) Shares Sold by Geller Advisors LLC

by · The Cerbat Gem

Geller Advisors LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA – Free Report) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,529 shares of the cable giant’s stock after selling 1,071 shares during the quarter. Geller Advisors LLC’s holdings in Comcast were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CMCSA. Capital World Investors grew its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Norges Bank acquired a new position in Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC lifted its holdings in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox grew its position in shares of Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.1 %

NASDAQ:CMCSA opened at $34.25 on Friday. The stock has a 50-day simple moving average of $35.01 and a 200 day simple moving average of $37.56. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market capitalization of $127.88 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

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 firm 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 was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 earnings per share. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Wells Fargo & Company lowered shares of 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. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Finally, Argus lowered Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Check Out Our Latest Stock Analysis on Comcast

About Comcast

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Free Report).