City National Bank of Florida MSD acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,049 shares of the cable giant's stock, valued at approximately $302,000.
Other hedge funds also recently made changes to their positions in the company. Five Oceans Advisors lifted its stake in Comcast by 2.5% in the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares during the period. Beck Mack & Oliver LLC lifted its stake in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after acquiring an additional 300 shares during the last quarter. Avitas Wealth Management LLC boosted its holdings in Comcast by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after acquiring an additional 328 shares during the period. Finally, Spinnaker Trust grew its position in Comcast by 0.9% in the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant's stock valued at $1,363,000 after acquiring an additional 340 shares during the last quarter. 84.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CMCSA shares. Scotiabank reiterated a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of "Moderate Buy" and an average target price of $42.10.
Read Our Latest Research Report on CMCSA
Comcast Stock Performance
Shares of CMCSA opened at $35.10 on Thursday. 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 cap of $131.05 billion, a PE ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The stock has a fifty day moving average price of $34.89 and a 200-day moving average price of $37.17.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
Comcast Company Profile
(
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.
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