Private Management Group Inc. Has $35.72 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Private Management Group Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 814,544 shares of the cable giant’s stock after selling 7,500 shares during the period. Comcast makes up 1.4% of Private Management Group Inc.’s holdings, making the stock its 16th largest holding. Private Management Group Inc.’s holdings in Comcast were worth $35,718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast during the fourth quarter worth $34,000. Lipe & Dalton bought a new stake in shares of Comcast during the fourth quarter worth $37,000. Finally, First Personal Financial Services bought a new stake in shares of Comcast during the third quarter worth $39,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by insiders.

Comcast Stock Down 0.5 %

Shares of NASDAQ:CMCSA traded down $0.21 during midday trading on Tuesday, hitting $40.36. 15,322,636 shares of the company’s stock were exchanged, compared to its average volume of 20,645,980. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a 50 day moving average price of $41.75 and a 200-day moving average price of $42.66. The company has a market cap of $160.30 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Citigroup boosted their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

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.