Banco Bilbao Vizcaya Argentaria S.A. Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640,278 shares of the cable giant's stock after selling 33,021 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Comcast were worth $24,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Comcast during the fourth quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast during the fourth quarter valued at $743,681,000. Amundi lifted its position in Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Capital World Investors increased its holdings in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock valued at $345,565,000 after buying an additional 8,258,128 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday. Barclays reduced their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday. Benchmark cut their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Up 0.3 %

CMCSA stock traded up $0.12 during trading on Tuesday, reaching $33.89. 8,366,583 shares of the company traded hands, compared to its average volume of 21,791,523. The company has a market capitalization of $128.12 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50 day simple moving average of $35.30 and a 200 day simple moving average of $37.98. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

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.