Oppenheimer Asset Management Inc. Has $27.55 Million Holdings in Comcast Corporation $CMCSA

Oppenheimer Asset Management Inc. lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 921,532 shares of the cable giant’s stock after selling 101,253 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Comcast were worth $27,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Imprint Wealth LLC acquired a new position in Comcast during the third quarter valued at $26,000. United Financial Planning Group LLC acquired a new position in Comcast in the 3rd quarter worth about $28,000. Olistico Wealth LLC acquired a new position in shares of Comcast during the 4th quarter worth $29,000. Richardson Financial Services Inc. raised its stake in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in shares of Comcast in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $27.04 on Friday. The company’s 50 day simple moving average is $29.39 and its 200 day simple moving average is $29.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $36.66. The stock has a market capitalization of $97.29 billion, a PE ratio of 5.32, a P/E/G ratio of 2.15 and a beta of 0.80.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMCSA shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Morgan Stanley increased their price target on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Evercore upped their price objective on Comcast from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.94.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on Wednesday, February 11th. The shares were 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 owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.32% of the company’s stock.

Comcast Company 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.