Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 152.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,300 shares of the cable giant's stock after acquiring an additional 96,900 shares during the quarter. Comcast makes up 0.7% of Bayesian Capital Management LP's portfolio, making the stock its 14th biggest position. Bayesian Capital Management LP's holdings in Comcast were worth $6,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter worth $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the fourth quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $36,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.10 during mid-day trading on Wednesday, hitting $34.39. 25,154,055 shares of the stock were exchanged, compared to its average volume of 21,846,874. The stock's fifty day simple moving average is $35.10 and its two-hundred day simple moving average is $37.68. The stock has a market capitalization of $130.03 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.97. 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 12-month low of $31.44 and a 12-month high of $45.31.

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, 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 net margin of 13.09% and a return on equity of 19.98%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast 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.