Sigma Planning Corp Has $1.10 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Sigma Planning Corp decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 62.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,177 shares of the cable giant’s stock after selling 42,376 shares during the period. Sigma Planning Corp’s holdings in Comcast were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $37,000. First Personal Financial Services acquired a new stake in shares of Comcast in the third quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMCSA shares. Wells Fargo & Company reduced their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $49.74.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Trading Up 0.8 %

CMCSA opened at $40.57 on Tuesday. The stock has a market capitalization of $161.14 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The firm’s fifty day simple moving average is $41.78 and its 200 day simple moving average is $42.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. As a group, research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

About Comcast

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.