Larson Financial Group LLC Sells 404 Shares of Comcast Co. (NASDAQ:CMCSA)

Larson Financial Group LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,968 shares of the cable giant’s stock after selling 404 shares during the quarter. Larson Financial Group LLC’s holdings in Comcast were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenwich Wealth Management LLC lifted its holdings in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares in the last quarter. Legend Financial Advisors Inc. lifted its holdings in shares of Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares in the last quarter. Keystone Financial Services boosted its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the period. Capital Investment Advisors LLC grew its stake 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 acquiring an additional 238 shares in the last quarter. Finally, Ironwood Financial llc increased its holdings in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after acquiring an additional 238 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Finally, Citigroup lifted their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by company insiders.

Comcast Stock Down 0.5 %

Shares of Comcast stock opened at $40.36 on Wednesday. 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 12-month low of $36.38 and a 12-month high of $47.46. The company has a market cap of $160.30 billion, a P/E ratio of 10.85, a PEG ratio of 0.99 and a beta of 0.98. The company’s fifty day simple moving average is $41.75 and its two-hundred day simple moving average is $42.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Research analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

About Comcast

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.