Sachetta LLC Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sachetta LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,687 shares of the cable giant’s stock after selling 627 shares during the quarter. Sachetta LLC’s holdings in Comcast were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its holdings in Comcast by 55,334.5% in the third 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 boosted its stake in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Comcast by 530.5% during 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. SG Americas Securities LLC grew its stake in Comcast by 211.7% in the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after purchasing an additional 1,963,246 shares during the period. Finally, National Bank of Canada FI lifted its position in Comcast by 31.7% during the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock valued at $318,036,000 after buying an additional 1,833,453 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 transaction, the president now directly owns 534,849 shares in the company, 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 SEC, which can be accessed through this hyperlink. 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. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Trading Up 0.4 %

Shares of CMCSA opened at $37.62 on Friday. The company’s fifty day simple moving average is $39.42 and its 200-day simple moving average is $40.14. The company has a market cap of $143.95 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. 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 twelve month low of $36.15 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CMCSA. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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.