DeDora Capital Inc. Sells 5,131 Shares of Comcast Co. (NASDAQ:CMCSA)

DeDora Capital Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,748 shares of the cable giant’s stock after selling 5,131 shares during the period. DeDora Capital Inc.’s holdings in Comcast were worth $1,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Everett Harris & Co. CA raised its stake in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after buying an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. increased its position in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares during the last quarter. Altus Wealth Group LLC lifted its stake in shares of Comcast by 8.3% in the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors boosted its holdings in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after buying an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in Comcast during the third quarter valued at approximately $8,868,000. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Citigroup cut their price target on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Up 0.9 %

Shares of NASDAQ:CMCSA traded up $0.33 during trading on Friday, reaching $38.69. The stock had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The firm’s 50-day simple moving average is $41.26 and its 200 day simple moving average is $42.38. 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 company has a market capitalization of $153.67 billion, a P/E ratio of 10.24, a PEG ratio of 0.96 and a beta of 0.99.

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