Ethic Inc. Purchases 176,786 Shares of Comcast Co. (NASDAQ:CMCSA)

Ethic Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,907 shares of the cable giant's stock after buying an additional 176,786 shares during the quarter. Ethic Inc.'s holdings in Comcast were worth $17,823,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new position in Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Comcast during the 4th quarter worth about $36,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CMCSA shares. Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Benchmark reduced their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. KeyCorp lowered their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. UBS Group set a $44.50 price target on shares of Comcast in a report on Friday, April 25th. Finally, Citigroup decreased their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given 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 0.1%

Shares of CMCSA stock traded up $0.03 on Friday, hitting $34.25. The stock had a trading volume of 16,916,562 shares, compared to its average volume of 21,898,385. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day moving average of $35.01 and a 200 day moving average of $37.51. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap 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 posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast 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.