Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.14 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,483 shares of the cable giant’s stock after selling 755 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Comcast were worth $1,139,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CMCSA. NewSquare Capital LLC grew its holdings in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new position in Comcast during the fourth quarter valued at approximately $37,000. First Personal Financial Services acquired a new position in Comcast during the third quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC acquired a new position in Comcast during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMCSA. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Wells Fargo & Company cut their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Finally, BNP Paribas reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is owned by company insiders.

Comcast Price Performance

Shares of CMCSA traded up $0.14 during midday trading on Tuesday, hitting $40.71. 6,715,228 shares of the company traded hands, compared to its average volume of 20,531,836. The stock has a 50-day moving average of $41.78 and a 200-day moving average of $42.68. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The firm has a market cap of $161.69 billion, a P/E ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. As a group, sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Company 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.