Boomfish Wealth Group LLC Sells 10,980 Shares of Comcast Co. (NASDAQ:CMCSA)

Boomfish Wealth Group LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 33.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,522 shares of the cable giant’s stock after selling 10,980 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Comcast were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Regal Investment Advisors LLC boosted its position in shares of Comcast by 8.5% during the second quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock valued at $345,000 after buying an additional 687 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Comcast during the 2nd quarter valued at about $68,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Comcast by 77.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,594,006 shares of the cable giant’s stock worth $140,741,000 after acquiring an additional 1,568,995 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Comcast by 77.2% during the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock valued at $555,000 after purchasing an additional 6,179 shares during the last quarter. Finally, Ashburton Jersey Ltd purchased a new stake in Comcast in the second quarter worth approximately $76,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $33.25 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $127.23 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.36 and a beta of 1.01. The firm has a fifty day moving average price of $39.01 and a 200 day moving average price of $40.15. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. As a group, sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMCSA. KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred 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 directly owns 6,669,928 shares in the company, 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. 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.