Bridgeway Capital Management LLC Increases Position in Comcast Co. (NASDAQ:CMCSA)

Bridgeway Capital Management LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 491,811 shares of the cable giant's stock after buying an additional 64,600 shares during the quarter. Bridgeway Capital Management LLC's holdings in Comcast were worth $18,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted 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 purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at $36,000. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMCSA. Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Citigroup dropped their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 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 assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.03 during midday trading on Friday, reaching $34.25. 16,916,562 shares of the company traded hands, compared to its average volume of 21,898,385. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The firm's fifty day moving average price is $35.01 and its two-hundred day moving average price is $37.54. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $127.88 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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 analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. On average, equities analysts expect that Comcast Co. will post 4.33 earnings per share 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.