UNIVEST FINANCIAL Corp Sells 26,140 Shares of Comcast Corporation $CMCSA

UNIVEST FINANCIAL Corp trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 49.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,636 shares of the cable giant’s stock after selling 26,140 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Comcast were worth $796,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. boosted its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its holdings in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after purchasing an additional 4,290 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Comcast by 119.4% in the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock worth $606,000 after purchasing an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMCSA shares. Citigroup increased their target price on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Sanford C. Bernstein cut their target price on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. Pivotal Research cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Evercore increased their target price on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.94.

Insider Buying and Selling

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $25.39 on Monday. The stock has a market cap of $90.71 billion, a P/E ratio of 5.00, a P/E/G ratio of 2.04 and a beta of 0.71. The business’s fifty day moving average is $29.08 and its 200 day moving average is $28.93. Comcast Corporation has a 12-month low of $25.35 and a 12-month high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Sell-side analysts anticipate that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.