Banque de Luxembourg S.A. Invests $5.34 Million in Comcast Co. (NASDAQ:CMCSA)

Banque de Luxembourg S.A. acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 141,670 shares of the cable giant's stock, valued at approximately $5,338,000. Comcast comprises 2.8% of Banque de Luxembourg S.A.'s investment portfolio, making the stock its 12th largest position.

Other large investors also recently added to or reduced their stakes in the company. Bayesian Capital Management LP grew its stake in Comcast by 152.8% during the fourth quarter. Bayesian Capital Management LP now owns 160,300 shares of the cable giant's stock valued at $6,016,000 after acquiring an additional 96,900 shares in the last quarter. Beck Bode LLC bought a new position in shares of Comcast during the 4th quarter valued at about $1,137,000. Beverly Hills Private Wealth LLC lifted its holdings in Comcast by 3.1% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 139,175 shares of the cable giant's stock valued at $5,223,000 after acquiring an additional 4,225 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Comcast by 4.0% during the 4th quarter. Benjamin Edwards Inc. now owns 155,360 shares of the cable giant's stock valued at $5,831,000 after purchasing an additional 6,046 shares during the period. Finally, BIP Wealth LLC increased its position in shares of Comcast by 25.6% during the 4th quarter. BIP Wealth LLC now owns 9,568 shares of the cable giant's stock valued at $359,000 after purchasing an additional 1,952 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Up 0.3 %

NASDAQ CMCSA traded up $0.12 during trading hours on Tuesday, hitting $34.57. 16,101,360 shares of the company were exchanged, compared to its average volume of 21,868,572. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $35.10 and a 200 day moving average price of $37.68. The stock has a market cap of $130.69 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group set a $44.50 target price on Comcast in a report on Friday, April 25th. Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.10.

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.