DoubleLine ETF Adviser LP Reduces Position in Comcast Co. (NASDAQ:CMCSA)

DoubleLine ETF Adviser LP lessened its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,588 shares of the cable giant's stock after selling 15,398 shares during the quarter. DoubleLine ETF Adviser LP's holdings in Comcast were worth $3,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC lifted its position in Comcast by 6.4% during the third quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock valued at $525,000 after buying an additional 759 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in Comcast by 1.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 32,320 shares of the cable giant's stock valued at $1,350,000 after acquiring an additional 605 shares during the period. Tidal Investments LLC grew its holdings in Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock worth $7,161,000 after purchasing an additional 22,684 shares during the period. Synovus Financial Corp increased its stake in shares of Comcast by 2.2% during the third quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant's stock valued at $6,434,000 after purchasing an additional 3,323 shares in the last quarter. Finally, Old Port Advisors lifted its holdings in shares of Comcast by 4.9% during the fourth quarter. Old Port Advisors now owns 6,910 shares of the cable giant's stock valued at $259,000 after purchasing an additional 325 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of Comcast stock traded down $0.01 during trading hours on Monday, hitting $34.45. The company's stock had a trading volume of 20,323,599 shares, compared to its average volume of 21,932,816. The company has a market cap of $130.26 billion, a PE ratio of 8.30, a PEG 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. The business has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $37.76. 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 quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the firm posted $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. Analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CMCSA. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Citigroup reduced their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Comcast has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

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.