South Dakota Investment Council Sells 20,900 Shares of Comcast Co. (NASDAQ:CMCSA)

South Dakota Investment Council lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 638,624 shares of the cable giant’s stock after selling 20,900 shares during the quarter. Comcast accounts for approximately 0.6% of South Dakota Investment Council’s portfolio, making the stock its 20th largest position. South Dakota Investment Council’s holdings in Comcast were worth $28,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CMCSA. NewSquare Capital LLC boosted its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton purchased a new stake in shares of Comcast in the 4th quarter valued at about $37,000. Finally, First Personal Financial Services purchased a new stake in shares of Comcast in the 3rd quarter valued at about $39,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.5 %

Comcast stock traded down $0.21 during trading hours on Tuesday, reaching $40.36. The company had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. The firm has a market cap of $160.30 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a 50-day moving average price of $41.75 and a 200 day moving average price of $42.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Wells Fargo & Company decreased their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.74.

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.