Nearwater Capital Markets Ltd Buys New Stake in Comcast Co. (NASDAQ:CMCSA)

Nearwater Capital Markets Ltd acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 460,000 shares of the cable giant's stock, valued at approximately $17,264,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC bought a new position in Comcast in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after buying an additional 502 shares during the period. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at $36,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.4%

CMCSA stock traded up $0.15 during trading on Friday, hitting $35.48. 20,639,695 shares of the company's stock traded hands, compared to its average volume of 21,931,881. The firm has a market capitalization of $132.47 billion, a P/E ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97. The business has a fifty day simple moving average of $34.88 and a two-hundred day simple moving average of $37.33. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of "Moderate Buy" and a consensus price target 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.