Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Cheviot Value Management LLC

Cheviot Value Management LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,307 shares of the cable giant's stock after purchasing an additional 15,443 shares during the quarter. Comcast comprises approximately 2.0% of Cheviot Value Management LLC's portfolio, making the stock its 18th biggest holding. Cheviot Value Management LLC's holdings in Comcast were worth $10,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Comcast by 8.6% in 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 acquiring an additional 11,255,683 shares during the period. Norges Bank bought a new position in shares of Comcast in the fourth quarter valued at approximately $3,835,226,000. Geode Capital Management LLC boosted 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 valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox raised its stake in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Comcast by 11.5% in the fourth quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CMCSA shares. Rosenblatt Securities reissued a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday. Benchmark cut their target price 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. StockNews.com upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Macquarie cut their target price 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. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 0.4 %

CMCSA stock traded down $0.14 on Wednesday, hitting $33.80. 7,820,213 shares of the company's stock were exchanged, compared to its average volume of 21,820,373. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a 50 day moving average price of $35.25 and a two-hundred day moving average price of $37.95. 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 stock has a market cap of $127.80 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Comcast's quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

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.