20,588 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,588 shares of the cable giant's stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Raymond James Financial Inc. bought a new stake in Comcast in the 4th quarter valued at $743,681,000. Amundi raised its stake in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the period. Capital World Investors raised its stake in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Comcast by 12.0% in the 4th 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 during the period. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Down 1.4%

NASDAQ CMCSA traded down $0.49 on Wednesday, reaching $35.10. The company had a trading volume of 17,290,876 shares, compared to its average volume of 21,955,074. The stock has a market capitalization of $131.05 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 0.97. The company's fifty day moving average is $34.90 and its 200 day moving average is $37.18. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm 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 business's revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal 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.