SOL Capital Management CO Has $2.34 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

SOL Capital Management CO reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,401 shares of the cable giant’s stock after selling 9,686 shares during the quarter. SOL Capital Management CO’s holdings in Comcast were worth $2,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Crews Bank & Trust bought a new position in shares of Comcast in the fourth quarter valued at $307,000. Cairn Investment Group Inc. lifted its position in Comcast by 1.2% in the 4th quarter. Cairn Investment Group Inc. now owns 101,450 shares of the cable giant’s stock valued at $3,807,000 after acquiring an additional 1,160 shares in the last quarter. First Affirmative Financial Network boosted its stake in Comcast by 5.7% during the 4th quarter. First Affirmative Financial Network now owns 22,606 shares of the cable giant’s stock valued at $848,000 after purchasing an additional 1,218 shares during the last quarter. Synergy Asset Management LLC increased its holdings in Comcast by 109.6% during the 4th quarter. Synergy Asset Management LLC now owns 298,033 shares of the cable giant’s stock worth $11,771,000 after purchasing an additional 155,851 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in shares of Comcast by 1.0% in the fourth quarter. Highland Capital Management LLC now owns 202,733 shares of the cable giant’s stock worth $7,609,000 after purchasing an additional 1,928 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Price Performance

NASDAQ CMCSA opened at $33.25 on Friday. The company has a market cap of $127.23 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s 50-day simple moving average is $39.01 and its two-hundred day simple moving average is $40.15. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

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.