Alpha Cubed Investments LLC Has $797,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Alpha Cubed Investments LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,185 shares of the cable giant’s stock after purchasing an additional 3,144 shares during the period. Alpha Cubed Investments LLC’s holdings in Comcast were worth $797,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after acquiring an additional 2,861,358 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Comcast by 43.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after acquiring an additional 1,907,973 shares during the period. SG Americas Securities LLC boosted its stake in shares of Comcast by 422.9% during the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after acquiring an additional 1,357,756 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Comcast by 3.5% during the 3rd 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 acquiring an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Comcast by 35.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after acquiring an additional 1,227,469 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 1.9 %

Shares of CMCSA stock opened at $38.11 on Wednesday. The firm has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.97 and a beta of 0.98. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s fifty day simple moving average is $41.47 and its 200 day simple moving average is $42.47.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.60.

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.