Hennion & Walsh Asset Management Inc. Sells 17,469 Shares of Comcast Co. (NASDAQ:CMCSA)

Hennion & Walsh Asset Management Inc. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 63.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,020 shares of the cable giant’s stock after selling 17,469 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Comcast were worth $376,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Evergreen Capital Management LLC raised its holdings in shares of Comcast by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock valued at $3,115,000 after buying an additional 2,153 shares during the last quarter. Resources Management Corp CT ADV increased its position in Comcast by 12.7% in the second quarter. Resources Management Corp CT ADV now owns 16,230 shares of the cable giant’s stock worth $636,000 after purchasing an additional 1,832 shares during the period. Providence Capital Advisors LLC increased its position in Comcast by 13.0% in the second quarter. Providence Capital Advisors LLC now owns 143,172 shares of the cable giant’s stock worth $5,607,000 after purchasing an additional 16,500 shares during the period. Cheviot Value Management LLC increased its position in Comcast by 8.1% in the second quarter. Cheviot Value Management LLC now owns 263,008 shares of the cable giant’s stock worth $10,299,000 after purchasing an additional 19,702 shares during the period. Finally, Distillate Capital Partners LLC acquired a new stake in Comcast in the second quarter worth about $37,824,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $36.97 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day simple moving average of $39.81 and a 200 day simple moving average of $40.18. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The firm has a market capitalization of $141.47 billion, a PE ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CMCSA shares. Barclays lifted their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Buying and Selling at Comcast

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

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.