Baron Silver Stevens Financial Advisors LLC Sells 349 Shares of Comcast Co. (NASDAQ:CMCSA)

Baron Silver Stevens Financial Advisors LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 7,198 shares of the cable giant’s stock after selling 349 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in Comcast were worth $270,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. FMR LLC boosted its position in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after purchasing an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Comcast by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after buying an additional 676,920 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $37.11 on Thursday. The company has a market cap of $142.00 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. 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 stock’s fifty day moving average price is $39.54 and its 200-day moving average price is $40.16.

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

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft increased their price target 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. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company reduced their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Company 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.