Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 968,433 shares of the cable giant’s stock after buying an additional 17,215 shares during the period. Commonwealth Equity Services LLC’s holdings in Comcast were worth $42,466,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. lifted its stake in shares of Comcast by 4.0% during the 3rd quarter. Brown Advisory Inc. now owns 2,459,887 shares of the cable giant’s stock worth $109,071,000 after purchasing an additional 95,729 shares during the period. Miracle Mile Advisors LLC boosted its stake in Comcast by 2.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 26,473 shares of the cable giant’s stock worth $1,174,000 after buying an additional 600 shares during the last quarter. Kowal Investment Group LLC increased its stake in shares of Comcast by 5.4% during the 3rd quarter. Kowal Investment Group LLC now owns 10,757 shares of the cable giant’s stock valued at $477,000 after acquiring an additional 549 shares during the last quarter. E&G Advisors LP lifted its holdings in shares of Comcast by 1.0% during the 3rd quarter. E&G Advisors LP now owns 29,339 shares of the cable giant’s stock worth $1,301,000 after acquiring an additional 300 shares during the period. Finally, Sage Mountain Advisors LLC boosted its position in shares of Comcast by 7.2% in the third quarter. Sage Mountain Advisors LLC now owns 20,103 shares of the cable giant’s stock worth $891,000 after acquiring an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Stock Up 0.9 %

Shares of Comcast stock traded up $0.33 during trading hours on Friday, hitting $38.69. 22,278,723 shares of the company’s stock traded hands, compared to its average volume of 22,677,254. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The stock has a 50 day simple moving average of $41.32 and a 200-day simple moving average of $42.41. The company has a market cap of $153.67 billion, a PE ratio of 10.24, a PEG ratio of 0.96 and a beta of 0.99.

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