XML Financial LLC Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

XML Financial LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,735 shares of the cable giant’s stock after selling 483 shares during the quarter. XML Financial LLC’s holdings in Comcast were worth $1,379,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. McClarren Financial Advisors Inc. boosted its stake in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth about $30,000. Iron Horse Wealth Management LLC lifted its holdings in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC boosted its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Stock Up 0.4 %

Shares of NASDAQ:CMCSA opened at $37.11 on Thursday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The stock has a market cap of $142.00 billion, a P/E ratio of 9.98, a PEG ratio of 1.33 and a beta of 1.01. The business has a fifty day moving average of $39.67 and a two-hundred day moving average of $40.18. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Analyst Ratings Changes

Several brokerages recently weighed in on CMCSA. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Loop Capital decreased their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $47.33.

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.