Comcast Co. (NASDAQ:CMCSA) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,258 shares of the cable giant’s stock after selling 514 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Comcast were worth $318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after acquiring an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Comcast by 43.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after purchasing an additional 1,907,973 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Comcast by 422.9% in the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after purchasing an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after buying an additional 1,229,374 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Comcast by 35.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after buying an additional 1,227,469 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday, April 26th. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Price Performance

Shares of CMCSA opened at $38.11 on Wednesday. The firm has a 50-day simple moving average of $41.47 and a two-hundred day simple moving average of $42.47. The stock has a market cap of $151.37 billion, a PE ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

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.