Pacific Center for Financial Services Sells 631 Shares of Comcast Co. (NASDAQ:CMCSA)

Pacific Center for Financial Services reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,568 shares of the cable giant’s stock after selling 631 shares during the quarter. Pacific Center for Financial Services’ holdings in Comcast were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Five Oceans Advisors increased its stake in Comcast by 2.5% during the 4th quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock valued at $463,000 after purchasing an additional 298 shares in the last quarter. Kovack Advisors Inc. increased its stake in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after acquiring an additional 300 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after acquiring an additional 300 shares during the period. Avitas Wealth Management LLC increased its stake in shares of Comcast by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock worth $2,195,000 after acquiring an additional 328 shares during the period. Finally, Spinnaker Trust increased its stake in shares of Comcast by 0.9% in the fourth quarter. Spinnaker Trust now owns 36,306 shares of the cable giant’s stock worth $1,363,000 after acquiring an additional 340 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMCSA shares. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Macquarie lowered their price target on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group set a $44.50 price target on shares of Comcast in a report on Friday, April 25th. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

Comcast stock opened at $35.10 on Thursday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $131.05 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 0.97. The company has a 50-day moving average price of $34.89 and a 200 day moving average price of $37.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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