Patton Albertson Miller Group LLC Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Patton Albertson Miller Group LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,285 shares of the cable giant’s stock after selling 1,595 shares during the period. Patton Albertson Miller Group LLC’s holdings in Comcast were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NewSquare Capital LLC raised its stake in shares of Comcast by 94.1% during 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. raised its position in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast in the 4th quarter worth approximately $34,000. Lipe & Dalton bought a new stake in shares of Comcast in the 4th quarter worth approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $44,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.51 during trading hours on Thursday, reaching $38.54. The stock had a trading volume of 23,590,154 shares, compared to its average volume of 21,116,094. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $151.22 billion, a PE ratio of 10.20, a PEG ratio of 0.97 and a beta of 0.99. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a 50 day moving average price of $41.05 and a two-hundred day moving average price of $42.26.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMCSA shares. Wells Fargo & Company decreased their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Citigroup decreased their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

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.