Smith Chas P & Associates PA Cpas Has $22.91 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Smith Chas P & Associates PA Cpas cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,537 shares of the cable giant’s stock after selling 116,680 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Comcast were worth $22,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the 3rd quarter valued at $30,000. Iron Horse Wealth Management LLC raised its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $37.62 on Friday. The company has a fifty day moving average price of $39.31 and a 200 day moving average price of $40.14. The firm has a market cap of $143.95 billion, a PE ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $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.

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.