Bill Few Associates Inc. Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Bill Few Associates Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,167 shares of the cable giant’s stock after selling 966 shares during the period. Bill Few Associates Inc.’s holdings in Comcast were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the period. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Comcast during the third quarter valued at $30,000. Iron Horse Wealth Management LLC increased its position in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC raised its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

CMCSA stock opened at $37.11 on Thursday. The firm has a 50 day simple moving average of $39.54 and a two-hundred day simple moving average of $40.16. The stock has a market cap of $142.00 billion, a PE ratio of 9.98, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Wells Fargo & Company dropped their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.