Invesco LLC Sells 2,012 Shares of Comcast Co. (NASDAQ:CMCSA)

Invesco LLC trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,300 shares of the cable giant’s stock after selling 2,012 shares during the quarter. Invesco LLC’s holdings in Comcast were worth $1,625,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC increased its holdings in Comcast by 8.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant’s stock valued at $345,000 after buying an additional 687 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Comcast during the second quarter valued at approximately $1,736,000. Souders Financial Advisors lifted its stake in Comcast by 3.9% during the second quarter. Souders Financial Advisors now owns 80,052 shares of the cable giant’s stock worth $3,135,000 after purchasing an additional 3,023 shares during the last quarter. Farmers National Bank boosted its holdings in shares of Comcast by 2.2% in the 2nd quarter. Farmers National Bank now owns 117,941 shares of the cable giant’s stock valued at $4,619,000 after purchasing an additional 2,505 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Comcast during the 2nd quarter worth $68,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 transaction, the president now owns 534,849 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. 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. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.2 %

Comcast stock traded up $0.08 during mid-day trading on Wednesday, reaching $37.63. 2,683,883 shares of the company traded hands, compared to its average volume of 21,370,328. The firm’s 50 day moving average price is $39.12 and its 200 day moving average price is $40.17. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $144.01 billion, a price-to-earnings ratio of 10.11, a P/E/G 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, topping analysts’ consensus estimates 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 net margin of 11.92% and a return on equity of 19.81%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. On average, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

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.