SGL Investment Advisors Inc. Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

SGL Investment Advisors Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,425 shares of the cable giant’s stock after selling 2,255 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Comcast were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Rafferty Asset Management LLC increased its stake in shares of Comcast by 13.0% in the fourth quarter. Rafferty Asset Management LLC now owns 667,568 shares of the cable giant’s stock worth $25,054,000 after acquiring an additional 76,783 shares during the period. Raiffeisen Bank International AG acquired a new stake in Comcast during the 4th quarter worth about $1,388,000. ProShare Advisors LLC grew its position in Comcast by 18.6% during the 4th quarter. ProShare Advisors LLC now owns 4,891,700 shares of the cable giant’s stock worth $183,586,000 after purchasing an additional 765,481 shares during the period. Quantinno Capital Management LP raised its stake in shares of Comcast by 7.9% during the 4th quarter. Quantinno Capital Management LP now owns 444,250 shares of the cable giant’s stock valued at $16,673,000 after buying an additional 32,477 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Comcast in the 4th quarter valued at about $2,115,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 2.2%

NASDAQ CMCSA opened at $35.33 on Friday. The business has a fifty day moving average price of $34.89 and a 200 day moving average price of $37.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $131.91 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. Research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

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.