Plimoth Trust Co. LLC Lowers Holdings in Comcast Co. (NASDAQ:CMCSA)

Plimoth Trust Co. LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,345 shares of the cable giant’s stock after selling 483 shares during the period. Plimoth Trust Co. LLC’s holdings in Comcast were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ibex Wealth Advisors acquired a new stake in Comcast in the fourth quarter valued at $7,189,000. Swedbank AB grew its holdings in shares of Comcast by 2.5% during the fourth quarter. Swedbank AB now owns 2,132,958 shares of the cable giant’s stock worth $80,050,000 after buying an additional 51,149 shares during the last quarter. Strategic Blueprint LLC lifted its position in shares of Comcast by 7.2% during the 4th quarter. Strategic Blueprint LLC now owns 7,748 shares of the cable giant’s stock valued at $291,000 after acquiring an additional 520 shares during the period. Iams Wealth Management LLC lifted its position in shares of Comcast by 6.0% during the 4th quarter. Iams Wealth Management LLC now owns 47,515 shares of the cable giant’s stock valued at $1,783,000 after acquiring an additional 2,693 shares during the period. Finally, McKinley Carter Wealth Services Inc. raised its position in shares of Comcast by 2.7% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 42,443 shares of the cable giant’s stock worth $1,593,000 after purchasing an additional 1,099 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMCSA. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 17th. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.3 %

Shares of NASDAQ CMCSA traded up $0.10 during trading on Wednesday, reaching $37.65. The stock had a trading volume of 2,917,434 shares, compared to its average volume of 21,370,328. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50-day moving average price is $39.12 and its 200-day moving average price is $40.17. The company has a market cap of $144.05 billion, a P/E ratio of 10.13, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. On average, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.