J.W. Cole Advisors Inc. Sells 1,271 Shares of Comcast Co. (NASDAQ:CMCSA)


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J.W. Cole Advisors Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,301 shares of the cable giant’s stock after selling 1,271 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bogart Wealth LLC raised its stake in Comcast by 274.7% during the first quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock valued at $30,000 after buying an additional 412 shares during the last quarter. Arlington Partners LLC bought a new stake in shares of Comcast in the 4th quarter worth $30,000. Sterling Financial Planning Inc. bought a new stake in shares of Comcast in the 4th quarter worth $32,000. McCarthy Asset Management Inc. bought a new stake in shares of Comcast in the 4th quarter worth $34,000. Finally, ADE LLC bought a new stake in shares of Comcast in the 4th quarter worth $37,000. Institutional investors and hedge funds own 82.56% of the company’s stock.

NASDAQ:CMCSA opened at $56.57 on Tuesday. The stock has a 50-day simple moving average of $55.07 and a two-hundred day simple moving average of $51.36. Comcast Co. has a 52-week low of $34.17 and a 52-week high of $58.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $259.13 billion, a PE ratio of 25.37, a P/E/G ratio of 1.69 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $27.21 billion during the quarter, compared to analyst estimates of $26.83 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. Comcast’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

A number of research firms have commented on CMCSA. Credit Suisse Group lifted their target price on Comcast from $61.00 to $67.00 and gave the stock an “outperform” rating in a report on Wednesday, March 24th. Pivotal Research lifted their target price on Comcast from $65.00 to $70.00 in a report on Friday. Evercore ISI lifted their price objective on Comcast from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday. TD Securities lifted their price objective on Comcast from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Finally, Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.75.

In other news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is owned by insiders.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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