Clark Capital Management Group Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903,134 shares of the cable giant's stock after selling 55,435 shares during the period. Clark Capital Management Group Inc.'s holdings in Comcast were worth $33,895,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Promus Capital LLC purchased a new position in Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% in the fourth 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 acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $36,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Price Performance
Comcast stock traded up $0.03 during midday trading 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. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. 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's 50 day simple moving average is $35.01 and its 200 day simple moving average is $37.51. The firm has a market capitalization of $127.88 billion, a PE ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating 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 firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have recently weighed in on CMCSA. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Scotiabank reissued a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.
View Our Latest Research Report on Comcast
Comcast Profile
(
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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