Wedge Capital Management L L P NC Sells 425 Shares of Comcast Co. (NASDAQ:CMCSA)

Wedge Capital Management L L P NC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,282 shares of the cable giant’s stock after selling 425 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Comcast were worth $363,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Northern Trust Corp grew its holdings in shares of Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after purchasing an additional 141,874 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares during the last quarter. LSV Asset Management boosted its holdings in Comcast by 4.7% in the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock valued at $670,359,000 after acquiring an additional 685,400 shares during the last quarter. Raymond James & Associates boosted its holdings in Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after acquiring an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after acquiring an additional 581,163 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.8 %

NASDAQ CMCSA opened at $38.57 on Friday. The firm has a market cap of $153.19 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50-day moving average is $41.58 and its 200-day moving average is $42.57. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter last year, the firm earned $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Wells Fargo & Company decreased their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday. Finally, BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.45.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was 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 can be accessed through this link. Corporate insiders own 1.18% 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.