Alliance Wealth Advisors LLC UT Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Alliance Wealth Advisors LLC UT reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,364 shares of the cable giant’s stock after selling 272 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Comcast were worth $279,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its holdings in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after purchasing an additional 220 shares during the period. Beaumont Asset Management L.L.C. increased its holdings in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services raised its position in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares in the last quarter. Finally, Ironwood Financial llc grew its position in shares of Comcast by 1.6% during the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after buying an additional 238 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Wells Fargo & Company decreased their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.18% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.70 during trading hours on Friday, hitting $38.57. 29,783,241 shares of the stock were exchanged, compared to its average volume of 21,514,964. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The stock has a 50-day moving average of $41.58 and a 200 day moving average of $42.56. The company has a market cap of $153.19 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

About Comcast

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.