Murphy Pohlad Asset Management LLC Decreases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Murphy Pohlad Asset Management LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,935 shares of the cable giant’s stock after selling 1,440 shares during the quarter. Comcast makes up approximately 2.1% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 7th largest holding. Murphy Pohlad Asset Management LLC’s holdings in Comcast were worth $4,764,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the third quarter worth $30,000. Iron Horse Wealth Management LLC increased its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC lifted its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Stock Performance

CMCSA opened at $37.36 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The business has a 50 day moving average of $39.12 and a 200-day moving average of $40.17. The stock has a market cap of $142.96 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. On average, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Macquarie restated a “neutral” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

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.