Comcast Co. (NASDAQ:CMCSA) Shares Sold by Vestor Capital LLC

Vestor Capital LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,042 shares of the cable giant’s stock after selling 522 shares during the quarter. Vestor Capital LLC’s holdings in Comcast were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. NewSquare Capital LLC boosted its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast during the fourth quarter valued at $34,000. Lipe & Dalton acquired a new position in shares of Comcast during the fourth quarter valued at $37,000. Valued Wealth Advisors LLC acquired a new position in shares of Comcast during the fourth quarter valued at $44,000. Finally, Legacy Bridge LLC boosted its holdings in shares of Comcast by 358.7% during the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after acquiring an additional 825 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded down $0.51 during trading hours on Thursday, reaching $38.54. 23,590,154 shares of the company were exchanged, compared to its average volume of 21,116,094. The firm has a market cap of $151.22 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.97 and a beta of 0.99. 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 stock has a 50-day moving average of $41.05 and a 200 day moving average of $42.26. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

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

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. BNP Paribas reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Finally, Citigroup dropped their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.60.

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.