Hantz Financial Services Inc. Sells 11,833 Shares of Comcast Co. (NASDAQ:CMCSA)

Hantz Financial Services Inc. decreased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 341,061 shares of the cable giant's stock after selling 11,833 shares during the quarter. Hantz Financial Services Inc.'s holdings in Comcast were worth $12,800,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB grew its holdings in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. FMR LLC grew its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock worth $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. SG Americas Securities LLC lifted its stake in Comcast by 211.7% during the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant's stock valued at $120,739,000 after purchasing an additional 1,963,246 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Comcast by 31.7% in the third quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant's stock worth $318,036,000 after buying an additional 1,833,453 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Morgan Stanley cut shares of Comcast from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Friday, January 17th. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned 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.

Comcast Price Performance

Comcast stock traded down $0.19 during trading hours on Wednesday, hitting $37.36. 21,508,405 shares of the stock were exchanged, compared to its average volume of 22,467,428. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The business's 50-day moving average is $39.12 and its two-hundred day moving average is $40.17. 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 market capitalization of $142.96 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.35 and a beta of 1.01.

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

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

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.