AIA Group Ltd Sells 10,536 Shares of Comcast Co. (NASDAQ:CMCSA)

AIA Group Ltd cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,800 shares of the cable giant’s stock after selling 10,536 shares during the period. AIA Group Ltd’s holdings in Comcast were worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its stake in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Comcast in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast in the 4th quarter valued at $34,000. Finally, Lipe & Dalton bought a new position in shares of Comcast in the 4th quarter valued at $37,000. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Wells Fargo & Company dropped their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.74.

Comcast Price Performance

CMCSA stock opened at $40.24 on Friday. The stock has a market capitalization of $159.83 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company’s 50-day moving average is $41.82 and its 200-day moving average is $42.71. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Equities research analysts expect that Comcast Co. will post 4.23 EPS 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.