Beck Bode LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,305 shares of the cable giant's stock, valued at approximately $1,137,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC grew its position 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 acquiring an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast during the fourth quarter worth approximately $36,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CMCSA has been the subject of a number of recent analyst reports. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.
Check Out Our Latest Report on Comcast
Comcast Trading Down 0.3 %
NASDAQ:CMCSA traded down $0.10 on Wednesday, hitting $34.39. The stock had a trading volume of 25,154,055 shares, compared to its average volume of 21,846,874. The stock has a market cap of $130.03 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.78 and a beta of 0.97. 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 company has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $37.68. 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 issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
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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