Sigma Planning Corp Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sigma Planning Corp lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 62.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Envestnet Asset Management Inc. boosted its holdings in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after acquiring an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after acquiring an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Comcast by 422.9% during the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after purchasing an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Comcast by 35.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after purchasing an additional 1,227,469 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Oppenheimer restated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup boosted their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.74.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Stock Up 0.8 %

Shares of Comcast stock opened at $40.57 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap 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 fifty-two week low of $36.38 and a fifty-two week high of $47.46. The business has a 50-day moving average price of $41.78 and a 200 day moving average price of $42.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, sell-side analysts forecast that Comcast Co. will post 4.23 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.