Bryn Mawr Capital Management LLC Sells 4,844 Shares of Comcast Co. (NASDAQ:CMCSA)

Bryn Mawr Capital Management LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 20.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,560 shares of the cable giant’s stock after selling 4,844 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $814,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the 4th quarter worth $34,000. Lipe & Dalton bought a new stake in Comcast in the 4th quarter worth $37,000. Finally, First Personal Financial Services bought a new stake in Comcast in the 3rd quarter worth $39,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.8 %

Shares of Comcast stock opened at $38.57 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. The stock has a market capitalization of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a 50-day simple moving average of $41.58 and a two-hundred day simple moving average of $42.57.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMCSA shares. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Friday. Finally, Citigroup raised their target price 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. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

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.