MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 30,447 Shares of Comcast Co. (NASDAQ:CMCSA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,865,812 shares of the cable giant's stock after selling 30,447 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Comcast worth $107,553,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have commented on CMCSA shares. Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Morgan Stanley set a $37.00 target price on Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Finally, StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 0.4%

CMCSA traded up $0.15 during trading on Friday, hitting $35.48. 20,639,695 shares of the company's stock traded hands, compared to its average volume of 21,931,881. The company's 50 day simple moving average is $34.89 and its two-hundred day simple moving average is $37.38. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly 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 return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. Analysts predict that Comcast Co. will post 4.33 earnings per share 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.