Comcast Co. (NASDAQ:CMCSA) Holdings Lifted by CastleKnight Management LP

CastleKnight Management LP grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,700 shares of the cable giant's stock after purchasing an additional 9,300 shares during the quarter. CastleKnight Management LP's holdings in Comcast were worth $6,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Capital World Investors raised its position in Comcast by 8.6% in the 4th 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 last quarter. Norges Bank bought a new stake in shares of Comcast during the fourth quarter worth about $3,835,226,000. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox increased its holdings in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CMCSA shares. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research report on Thursday, April 10th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Barclays reduced their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Benchmark lowered their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Trading Down 0.0 %

Shares of NASDAQ:CMCSA opened at $34.45 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a market capitalization of $130.26 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.78 and a beta of 0.97. The stock's 50-day simple moving average is $35.12 and its two-hundred day simple moving average is $37.70.

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, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for 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 quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Analysts expect 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.

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