Comcast Co. (NASDAQ:CMCSA) is Metropolis Capital Ltd’s 3rd Largest Position

Metropolis Capital Ltd trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,994,686 shares of the cable giant’s stock after selling 447,706 shares during the quarter. Comcast accounts for approximately 10.5% of Metropolis Capital Ltd’s holdings, making the stock its 3rd biggest holding. Metropolis Capital Ltd owned approximately 0.21% of Comcast worth $300,041,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fred Alger Management LLC lifted its holdings in shares of Comcast by 5.6% in the 2nd quarter. Fred Alger Management LLC now owns 129,580 shares of the cable giant’s stock worth $5,074,000 after acquiring an additional 6,818 shares during the last quarter. AlTi Global Inc. boosted its position in shares of Comcast by 7.6% during the second quarter. AlTi Global Inc. now owns 49,795 shares of the cable giant’s stock valued at $1,950,000 after buying an additional 3,500 shares during the period. AQR Capital Management LLC grew its stake in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $5,184,000. Finally, DoubleLine ETF Adviser LP lifted its stake in shares of Comcast by 5.2% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 95,688 shares of the cable giant’s stock worth $3,747,000 after acquiring an additional 4,687 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

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

Comcast Stock Up 1.0 %

NASDAQ:CMCSA opened at $37.47 on Friday. The company’s 50-day simple moving average is $39.54 and its 200-day simple moving average is $40.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The stock has a market capitalization of $143.38 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.35 and a beta of 1.01.

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, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal 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.