Tidal Investments LLC Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Tidal Investments LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 88.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,622 shares of the cable giant's stock after acquiring an additional 151,182 shares during the period. Tidal Investments LLC's holdings in Comcast were worth $12,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in CMCSA. Promus Capital LLC bought a new stake in Comcast during the fourth quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth approximately $28,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter worth approximately $36,000. Finally, OFI Invest Asset Management bought a new stake in Comcast during the fourth quarter worth approximately $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA stock traded down $0.49 during trading on Wednesday, hitting $35.10. The stock had a trading volume of 17,290,876 shares, compared to its average volume of 21,955,074. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a market capitalization of $131.05 billion, a P/E ratio of 8.46, a PEG ratio of 1.78 and a beta of 0.97. The company's 50-day moving average price is $34.89 and its two-hundred day moving average price is $37.17.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the firm posted $1.04 EPS. Comcast's revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Citigroup decreased 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. 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 research note on Friday, January 31st. Scotiabank restated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

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.