American Trust Investment Advisors LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 109,130 shares of the cable giant's stock, valued at approximately $4,096,000. Comcast comprises about 1.7% of American Trust Investment Advisors LLC's portfolio, making the stock its 25th largest position.
A number of other large investors have also modified their holdings of CMCSA. Capital World Investors raised its stake in shares of Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank bought a new position in shares of Comcast in the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox raised its holdings in Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Comcast by 11.5% during the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Trading Up 1.9 %
NASDAQ CMCSA opened at $34.46 on Friday. The company has a market capitalization of $130.29 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm's fifty day simple moving average is $35.13 and its 200-day simple moving average is $37.82.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CMCSA has been the topic of a number of research reports. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays cut their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Citigroup dropped their price target on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.
Check Out Our Latest Stock Analysis on CMCSA
Comcast Profile
(
Free Report)
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.
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