Petredis Investment Advisors LLC Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Petredis Investment Advisors LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,905 shares of the cable giant’s stock after selling 1,415 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Comcast were worth $2,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Winch Advisory Services LLC lifted its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter worth about $30,000. Iron Horse Wealth Management LLC grew its holdings 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 purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CMCSA shares. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Price Performance

CMCSA stock opened at $37.62 on Friday. The company has a fifty day simple moving average of $39.42 and a two-hundred day simple moving average of $40.14. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $143.95 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

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

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.