First Manhattan CO. LLC. Trims Stake in Comcast Co. (NASDAQ:CMCSA)

First Manhattan CO. LLC. reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,942,227 shares of the cable giant's stock after selling 477,618 shares during the period. First Manhattan CO. LLC. owned about 0.10% of Comcast worth $148,354,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMCSA. Coastal Bridge Advisors LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $855,000. Deutsche Bank AG boosted its stake in Comcast by 3.7% during the 4th quarter. Deutsche Bank AG now owns 13,409,377 shares of the cable giant's stock valued at $503,254,000 after purchasing an additional 478,186 shares during the period. Deprince Race & Zollo Inc. boosted its stake in Comcast by 8.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 892,332 shares of the cable giant's stock valued at $33,489,000 after purchasing an additional 65,739 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Comcast by 151.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,672,573 shares of the cable giant's stock valued at $100,302,000 after purchasing an additional 1,607,816 shares during the period. Finally, Diligent Investors LLC bought a new stake in Comcast during the 4th quarter valued at approximately $219,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.03 during mid-day trading on Friday, reaching $34.25. The company had a trading volume of 16,916,562 shares, compared to its average volume of 21,898,385. 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 $127.88 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. The company's 50-day moving average price is $35.01 and its 200-day moving average price is $37.51. Comcast Co. has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Macquarie cut their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Barclays dropped their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Company 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.