Aviance Capital Partners LLC Has $2.40 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Aviance Capital Partners LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,828 shares of the cable giant’s stock after selling 2,364 shares during the period. Aviance Capital Partners LLC’s holdings in Comcast were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CMCSA. NewSquare Capital LLC boosted its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the 4th quarter valued at approximately $34,000. Lipe & Dalton acquired a new position in Comcast in the fourth quarter worth approximately $37,000. Valued Wealth Advisors LLC bought a new position in Comcast during the fourth quarter valued at approximately $44,000. Finally, Legacy Bridge LLC lifted its stake in Comcast by 358.7% in the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after acquiring an additional 825 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. BNP Paribas restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Trading Down 0.5 %

Shares of NASDAQ:CMCSA traded down $0.20 during midday trading on Monday, hitting $38.49. The company had a trading volume of 32,164,810 shares, compared to its average volume of 20,949,441. The firm has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $42.32. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The stock has a market cap of $151.02 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.97 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Comcast Co. will post 4.21 EPS for the current year.

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.