Comcast Co. (NASDAQ:CMCSA) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 981,256 shares of the cable giant's stock after selling 7,850 shares during the period. EP Wealth Advisors LLC's holdings in Comcast were worth $36,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital World Investors raised its position in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank purchased a new stake in Comcast in the 4th quarter worth about $3,835,226,000. Geode Capital Management LLC raised its position in Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox raised its stake in shares of Comcast by 6.8% during the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMCSA. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, KeyCorp cut their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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 $0.41 on Monday, hitting $34.66. 9,053,859 shares of the company were exchanged, compared to its average volume of 21,848,354. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock's 50 day moving average price is $35.01 and its 200 day moving average price is $37.51. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $129.39 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results 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. The company 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 firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Sell-side analysts predict that Comcast Co. will post 4.33 EPS 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.