Yacktman Asset Management LP Sells 2,300 Shares of Comcast Co. (NASDAQ:CMCSA)

Yacktman Asset Management LP lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,445,500 shares of the cable giant’s stock after selling 2,300 shares during the quarter. Yacktman Asset Management LP’s holdings in Comcast were worth $63,385,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Disciplined Equity Management Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at $76,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Comcast by 3.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 88,782 shares of the cable giant’s stock valued at $3,893,000 after buying an additional 2,604 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Comcast by 6.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 203,167 shares of the cable giant’s stock worth $8,909,000 after acquiring an additional 11,632 shares during the period. Magnolia Capital Advisors LLC raised its stake in shares of Comcast by 5.5% during the fourth quarter. Magnolia Capital Advisors LLC now owns 32,136 shares of the cable giant’s stock valued at $1,499,000 after acquiring an additional 1,671 shares in the last quarter. Finally, Wynn Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $1,536,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

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

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. 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.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $49.45.

Comcast Stock Performance

CMCSA stock traded up $0.79 during midday trading on Friday, reaching $38.66. The stock had a trading volume of 18,787,983 shares, compared to its average volume of 20,810,746. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a market cap of $153.55 billion, a PE ratio of 10.35, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a fifty day simple moving average of $41.64 and a two-hundred day simple moving average of $42.61.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.23 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.