Comcast Co. (NASDAQ:CMCSA) Stake Lowered by London Co. of Virginia

London Co. of Virginia reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,069,386 shares of the cable giant’s stock after selling 338,686 shares during the period. London Co. of Virginia owned 0.08% of Comcast worth $115,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Promus Capital LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth $36,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.25 on Monday. The stock has a market cap of $127.88 billion, a P/E ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. The company’s 50-day simple moving average is $35.01 and its 200 day simple moving average is $37.51. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Macquarie cut their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.10.

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.