Vicus Capital Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Vicus Capital lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,785 shares of the cable giant’s stock after selling 8,216 shares during the period. Vicus Capital’s holdings in Comcast were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Criterion Capital Advisors LLC purchased a new position in shares of Comcast during the fourth quarter worth $2,345,000. Nicholas Hoffman & Company LLC. raised its holdings in shares of Comcast by 4.5% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 14,041 shares of the cable giant’s stock worth $616,000 after purchasing an additional 600 shares during the last quarter. Pathway Financial Advisors LLC purchased a new position in shares of Comcast during the fourth quarter worth $275,000. Verdence Capital Advisors LLC raised its holdings in shares of Comcast by 1.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 47,072 shares of the cable giant’s stock worth $2,064,000 after purchasing an additional 680 shares during the last quarter. Finally, DT Investment Partners LLC increased its holdings in Comcast by 29.2% in the fourth quarter. DT Investment Partners LLC now owns 5,566 shares of the cable giant’s stock valued at $260,000 after buying an additional 1,257 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup raised their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company cut their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Stock Up 1.6 %

Shares of NASDAQ:CMCSA opened at $40.24 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $41.82 and a 200 day simple moving average of $42.70. The firm has a market cap of $159.83 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal 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.