Certuity LLC Sells 30,970 Shares of Comcast Corporation $CMCSA

Certuity LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,242 shares of the cable giant’s stock after selling 30,970 shares during the quarter. Certuity LLC’s holdings in Comcast were worth $994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Imprint Wealth LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $28,000. Olistico Wealth LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. boosted its position in shares of Comcast by 212.6% during 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 during the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $33,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. UBS Group lowered their target price on Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Rosenblatt Securities reiterated a “neutral” rating and set a $30.00 target price on shares of Comcast in a research report on Friday, January 30th. Morgan Stanley increased their target price on Comcast from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday. Finally, Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $37.00 in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.94.

Comcast Stock Performance

CMCSA stock opened at $27.64 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The business’s fifty day simple moving average is $29.58 and its two-hundred day simple moving average is $29.03. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $36.66. The firm has a market cap of $99.46 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 2.22 and a beta of 0.80.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business 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. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts predict that Comcast Corporation will post 3.57 earnings per share for the current year.

Insiders Place Their Bets

In other Comcast 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 sale, the chief executive officer owned 622,336 shares in the company, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by insiders.

About Comcast

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.