Baird Financial Group Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,385,331 shares of the cable giant's stock after selling 192,279 shares during the period. Baird Financial Group Inc.'s holdings in Comcast were worth $51,991,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Raymond James Financial Inc. bought a new stake in Comcast in the 4th quarter valued at $743,681,000. Bfsg LLC boosted its stake in Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP increased its position in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after acquiring an additional 3,344 shares in the last quarter. Robinson Value Management Ltd. lifted its holdings in Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock worth $3,842,000 after buying an additional 59,107 shares in the last quarter. Finally, Private Management Group Inc. boosted its holdings in Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after acquiring an additional 24,827 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.
Comcast Trading Down 0.3 %
CMCSA traded down $0.10 during mid-day trading on Wednesday, hitting $34.39. 25,154,055 shares of the stock were exchanged, compared to its average volume of 21,846,874. The firm's fifty day moving average is $35.07 and its two-hundred day moving average is $37.66. The company has a market cap of $130.03 billion, a PE ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick 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 data 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. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. KeyCorp lowered their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.10.
Check Out Our Latest Stock Analysis on Comcast
About Comcast
(
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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