Raleigh Capital Management Inc. Has $420,000 Position in Comcast Co. (NASDAQ:CMCSA)

Raleigh Capital Management Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,198 shares of the cable giant’s stock after selling 6,703 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Comcast were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC bought a new position in shares of Comcast in the 4th quarter valued at about $150,000. Nisa Investment Advisors LLC grew its stake in Comcast by 42.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,417,814 shares of the cable giant’s stock valued at $90,741,000 after purchasing an additional 716,770 shares in the last quarter. Red Spruce Capital LLC increased its position in shares of Comcast by 9.9% during the 4th quarter. Red Spruce Capital LLC now owns 50,550 shares of the cable giant’s stock worth $1,897,000 after purchasing an additional 4,561 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Comcast by 21.5% during the 4th quarter. MCF Advisors LLC now owns 27,375 shares of the cable giant’s stock worth $1,027,000 after purchasing an additional 4,846 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Comcast by 5.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,952,198 shares of the cable giant’s stock valued at $148,326,000 after buying an additional 188,948 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.4 %

Shares of NASDAQ CMCSA opened at $37.11 on Thursday. The company has a 50 day simple moving average of $39.54 and a 200 day simple moving average of $40.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The firm has a market cap of $142.00 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. On average, research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMCSA shares. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Macquarie reiterated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.