Baker Ellis Asset Management LLC Has $1.01 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Baker Ellis Asset Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,918 shares of the cable giant’s stock after selling 650 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Comcast were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC boosted its position in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after purchasing an additional 229,192 shares during the period. Tidal Investments LLC boosted its position in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after purchasing an additional 22,684 shares during the period. Parnassus Investments LLC boosted its position in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after purchasing an additional 68,139 shares during the period. Douglas Lane & Associates LLC boosted its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Comcast during the third quarter worth about $2,541,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Up 0.4 %

Shares of Comcast stock opened at $37.11 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock has a market capitalization of $142.00 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.33 and a beta of 1.01. The company’s 50 day moving average price is $39.67 and its 200-day moving average price is $40.18.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMCSA shares. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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.