Capital Investment Advisory Services LLC Sells 1,892 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital Investment Advisory Services LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,680 shares of the cable giant’s stock after selling 1,892 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Comcast were worth $731,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. raised its holdings in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after purchasing an additional 220 shares during the last quarter. Keystone Financial Services boosted its position in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in Comcast by 0.7% during the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares in the last quarter. Ironwood Financial llc raised its stake in shares of Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 238 shares during the period. Finally, Welch Group LLC grew its stake in shares of Comcast by 4.4% during the third quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after buying an additional 239 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CMCSA shares. Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Citigroup raised their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Trading Up 0.8 %

Shares of NASDAQ:CMCSA opened at $40.57 on Tuesday. The company has a market cap of $161.14 billion, a PE ratio of 10.91, a P/E/G ratio of 0.98 and a beta of 0.98. The company’s 50 day moving average is $41.78 and its two-hundred day moving average is $42.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Equities analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

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.