17,401 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 17,401 shares of the cable giant's stock, valued at approximately $653,000.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors lifted 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 buying an additional 11,255,683 shares during the period. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC increased its position in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Dodge & Cox lifted its stake in shares of 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. raised its holdings in shares of 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 buying an additional 4,669,069 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 0.7 %

CMCSA traded down $0.25 during trading on Wednesday, hitting $33.70. The company had a trading volume of 6,292,119 shares, compared to its average volume of 21,815,512. The company has a market capitalization of $127.40 billion, a PE ratio of 8.12, a PEG ratio of 1.78 and a beta of 0.94. The firm's 50-day moving average price is $35.25 and its 200 day moving average price is $37.95. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Loop Capital dropped their price target on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Company Profile

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.