Quadcap Wealth Management LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,386 shares of the cable giant's stock after selling 7,288 shares during the quarter. Quadcap Wealth Management LLC's holdings in Comcast were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Miracle Mile Advisors LLC raised its position in Comcast by 21.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant's stock worth $369,000 after buying an additional 1,764 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of Comcast by 192.7% in the 4th quarter. Signal Advisors Wealth LLC now owns 15,517 shares of the cable giant's stock worth $582,000 after acquiring an additional 10,215 shares during the period. Wallace Advisory Group LLC purchased a new position in shares of Comcast in the fourth quarter valued at $183,000. Accurate Wealth Management LLC raised its position in Comcast by 5.5% during the fourth quarter. Accurate Wealth Management LLC now owns 13,278 shares of the cable giant's stock worth $483,000 after acquiring an additional 697 shares during the last quarter. Finally, Pines Wealth Management LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $316,000. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Price Performance
Shares of NASDAQ:CMCSA opened at $34.56 on Thursday. The firm's 50 day moving average is $34.90 and its two-hundred day moving average is $37.42. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The firm has a market capitalization of $129.04 billion, a P/E ratio of 8.33, a PEG ratio of 1.78 and a beta of 0.97. 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 (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business earned $1.04 earnings per share. Comcast's revenue was down .6% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have issued reports on CMCSA. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Rosenblatt Securities reissued a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.10.
View Our Latest Analysis on CMCSA
About Comcast
(
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.
See Also
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