Cary Street Partners Financial LLC Takes $1.14 Million Position in Comcast Co. (NASDAQ:CMCSA)

Cary Street Partners Financial LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 30,316 shares of the cable giant's stock, valued at approximately $1,138,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. lifted its stake in shares of Comcast by 2.4% in the 4th quarter. Brown Advisory Inc. now owns 3,442,426 shares of the cable giant's stock valued at $129,194,000 after purchasing an additional 80,867 shares during the period. Banque de Luxembourg S.A. acquired a new position in Comcast in the fourth quarter valued at about $5,338,000. Bayesian Capital Management LP grew its position in shares of Comcast by 152.8% during the 4th quarter. Bayesian Capital Management LP now owns 160,300 shares of the cable giant's stock worth $6,016,000 after buying an additional 96,900 shares during the period. Beck Bode LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $1,137,000. Finally, Beverly Hills Private Wealth LLC raised its stake in Comcast by 3.1% during the 4th 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. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on CMCSA. Macquarie decreased their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Oppenheimer decreased their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Benchmark lowered their price target on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Up 0.1 %

Shares of CMCSA traded up $0.03 on Friday, reaching $34.25. The company's stock had a trading volume of 16,916,562 shares, compared to its average volume of 21,898,385. The stock has a market capitalization of $127.88 billion, a PE ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a fifty day moving average of $35.01 and a 200-day moving average of $37.54. 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 (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. Equities analysts predict 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.