Comcast Co. (NASDAQ:CMCSA) Shares Sold by Freedom Together Foundation

Freedom Together Foundation trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 80.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,043 shares of the cable giant’s stock after selling 230,000 shares during the period. Comcast accounts for about 0.2% of Freedom Together Foundation’s holdings, making the stock its 12th biggest holding. Freedom Together Foundation’s holdings in Comcast were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Comcast in the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast during the 4th quarter worth approximately $743,681,000. Amundi boosted its holdings in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the period. Capital World Investors grew its position in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. Finally, Argus cut Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.25 on Friday. The company has a market cap of $127.88 billion, a P/E ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. The business has a 50 day moving average of $35.01 and a two-hundred day moving average of $37.56. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm’s revenue was down .6% on a year-over-year basis. As a group, analysts anticipate 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.