Ifrah Financial Services Inc. Sells 643 Shares of Comcast Co. (NASDAQ:CMCSA)

Ifrah Financial Services Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,585 shares of the cable giant’s stock after selling 643 shares during the period. Ifrah Financial Services Inc.’s holdings in Comcast were worth $245,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Greenwich Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 219 shares during the period. Legend Financial Advisors Inc. boosted its holdings in Comcast by 17.5% in the 4th 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. Beaumont Asset Management L.L.C. grew its stake in shares of Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after buying an additional 226 shares during the period. Keystone Financial Services increased its holdings in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after buying an additional 229 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Comcast by 0.4% during the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock worth $2,545,000 after buying an additional 247 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of Comcast stock traded up $0.33 during trading on Friday, reaching $38.69. The company’s stock had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The company has a 50-day moving average price of $41.26 and a two-hundred day moving average price of $42.38. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $153.67 billion, a PE ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion for 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%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. On average, analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CMCSA shares. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

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.