Lincoln National Corp Buys 1,607 Shares of Comcast Co. (NASDAQ:CMCSA)

Lincoln National Corp boosted its position in Comcast Co. (NASDAQ:CMCSA) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,992 shares of the cable giant’s stock after buying an additional 1,607 shares during the period. Lincoln National Corp’s holdings in Comcast were worth $2,631,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in Comcast by 5.3% in the 4th quarter. Private Advisor Group LLC now owns 348,616 shares of the cable giant’s stock valued at $15,287,000 after acquiring an additional 17,517 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Comcast by 23.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 46,347 shares of the cable giant’s stock valued at $2,032,000 after purchasing an additional 8,936 shares in the last quarter. Leuthold Group LLC bought a new stake in Comcast during the fourth quarter worth $6,100,000. Spire Wealth Management raised its position in Comcast by 9.5% in the 4th quarter. Spire Wealth Management now owns 51,147 shares of the cable giant’s stock valued at $2,217,000 after buying an additional 4,434 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Comcast by 13.0% during the 4th quarter. Metis Global Partners LLC now owns 210,419 shares of the cable giant’s stock valued at $9,227,000 after acquiring an additional 24,212 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Wells Fargo & Company decreased their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Performance

Comcast stock remained flat at $38.49 during mid-day trading on Tuesday. 30,572,214 shares of the company were exchanged, compared to its average volume of 21,058,799. The stock has a 50-day moving average of $41.18 and a two-hundred day moving average of $42.32. 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 fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a market cap of $151.02 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.97 and a beta of 0.99.

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

Comcast 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.