Brown Advisory Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Brown Advisory Inc. increased its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,442,426 shares of the cable giant's stock after acquiring an additional 80,867 shares during the period. Brown Advisory Inc. owned approximately 0.09% of Comcast worth $129,194,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Banque de Luxembourg S.A. purchased a new position in shares of Comcast during the 4th quarter worth about $5,338,000. Bayesian Capital Management LP boosted its position in shares of Comcast by 152.8% during the fourth quarter. Bayesian Capital Management LP now owns 160,300 shares of the cable giant's stock valued at $6,016,000 after buying an additional 96,900 shares during the period. Beck Bode LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $1,137,000. Beverly Hills Private Wealth LLC raised its holdings in shares of Comcast by 3.1% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 139,175 shares of the cable giant's stock worth $5,223,000 after buying an additional 4,225 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in shares of Comcast by 4.0% during the 4th quarter. Benjamin Edwards Inc. now owns 155,360 shares of the cable giant's stock worth $5,831,000 after acquiring an additional 6,046 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Scotiabank reiterated a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Benchmark lowered their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a research report on Thursday, April 10th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 0.1 %

Shares of CMCSA traded up $0.03 during mid-day trading on Friday, hitting $34.25. 15,459,661 shares of the company traded hands, compared to its average volume of 21,878,542. The company has a market capitalization of $127.88 billion, a PE ratio of 8.25, a price-to-earnings-growth 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 business has a 50 day moving average of $35.03 and a 200 day moving average of $37.61. 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 results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (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 business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the business posted $1.04 EPS. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current 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.