Valueworks LLC Sells 11,697 Shares of Comcast Co. (NASDAQ:CMCSA)

Valueworks LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 137,974 shares of the cable giant’s stock after selling 11,697 shares during the quarter. Comcast accounts for about 1.7% of Valueworks LLC’s holdings, making the stock its 21st biggest holding. Valueworks LLC’s holdings in Comcast were worth $5,178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth $25,000. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the 4th quarter valued at $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast during the 4th quarter valued at $36,000. Finally, Noble Wealth Management PBC purchased a new position in Comcast during the 4th quarter valued at $38,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Rosenblatt Securities restated a “neutral” rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

CMCSA opened at $35.44 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $132.32 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.78 and a beta of 0.97. The company’s 50-day simple moving average is $34.88 and its two-hundred day simple moving average is $37.20. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. As a group, analysts predict that Comcast Co. will post 4.33 EPS for the current year.

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.