Yousif Capital Management LLC Sells 41,407 Shares of Comcast Co. (NASDAQ:CMCSA)

Yousif Capital Management LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615,387 shares of the cable giant’s stock after selling 41,407 shares during the quarter. Yousif Capital Management LLC’s holdings in Comcast were worth $26,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CMCSA. Cumberland Partners Ltd increased its holdings in Comcast by 7.5% during the 4th quarter. Cumberland Partners Ltd now owns 39,287 shares of the cable giant’s stock valued at $1,724,000 after purchasing an additional 2,750 shares during the period. Millington Financial Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $1,105,000. GAMMA Investing LLC purchased a new stake in Comcast in the fourth quarter worth $1,184,000. Element Wealth LLC boosted its holdings in Comcast by 8.4% in the fourth quarter. Element Wealth LLC now owns 7,562 shares of the cable giant’s stock valued at $332,000 after acquiring an additional 588 shares in the last quarter. Finally, Beaumont Asset Management L.L.C. increased its position in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.5 %

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

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

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. BNP Paribas reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

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.