Ameritas Advisory Services LLC Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Ameritas Advisory Services LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,238 shares of the cable giant’s stock after selling 1,904 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Comcast were worth $835,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Comcast during the third quarter worth approximately $30,000. Iron Horse Wealth Management LLC increased its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CMCSA shares. Macquarie restated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Trading Up 1.1 %

Comcast stock opened at $36.97 on Wednesday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $141.47 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.01. The firm has a 50-day moving average price of $39.81 and a two-hundred day moving average price of $40.18.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Company Profile

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.