Motley Fool Asset Management LLC Trims Position in Comcast Co. (NASDAQ:CMCSA)

Motley Fool Asset Management LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,647 shares of the cable giant’s stock after selling 2,349 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Comcast were worth $7,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services purchased a new stake in Comcast during the 3rd quarter worth approximately $39,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup boosted their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Trading Down 5.8 %

CMCSA stock traded down $2.34 during mid-day trading on Thursday, hitting $37.87. 37,791,862 shares of the company were exchanged, compared to its average volume of 20,846,986. The business has a fifty day simple moving average of $41.64 and a 200-day simple moving average of $42.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The firm has a market capitalization of $150.41 billion, a P/E ratio of 10.18, a PEG ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

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.