SG Americas Securities LLC Sells 1,043,484 Shares of Comcast Co. (NASDAQ:CMCSA)

SG Americas Securities LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 36.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,847,087 shares of the cable giant’s stock after selling 1,043,484 shares during the period. SG Americas Securities LLC’s holdings in Comcast were worth $69,321,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC grew its holdings in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares in the last quarter. Finally, Darsana Capital Partners LP grew its holdings in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMCSA. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Up 0.4 %

NASDAQ CMCSA opened at $37.11 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The company has a 50 day moving average of $39.67 and a 200-day moving average of $40.18. The company has a market cap of $142.00 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.33 and a beta of 1.01.

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

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction on Tuesday, November 26th. The stock was 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 owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.