Focus Partners Wealth Buys 330,712 Shares of Comcast Co. (NASDAQ:CMCSA)

Focus Partners Wealth lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 835,820 shares of the cable giant's stock after acquiring an additional 330,712 shares during the period. Focus Partners Wealth's holdings in Comcast were worth $31,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Fortitude Family Office LLC increased its stake in Comcast by 36.1% in the 4th quarter. Fortitude Family Office LLC now owns 2,251 shares of the cable giant's stock valued at $84,000 after buying an additional 597 shares during the period. ORG Partners LLC increased its stake in shares of Comcast by 53.9% during the 4th quarter. ORG Partners LLC now owns 4,772 shares of the cable giant's stock worth $179,000 after purchasing an additional 1,672 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Comcast by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 666,389 shares of the cable giant's stock worth $25,010,000 after purchasing an additional 7,387 shares during the last quarter. Graypoint LLC increased its stake in shares of Comcast by 2.1% during the 4th quarter. Graypoint LLC now owns 33,854 shares of the cable giant's stock worth $1,271,000 after purchasing an additional 701 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of Comcast by 5.2% during the 4th quarter. Czech National Bank now owns 827,622 shares of the cable giant's stock worth $31,061,000 after purchasing an additional 40,676 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMCSA. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Oppenheimer decreased their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Down 0.7%

Comcast stock traded down $0.23 during midday trading on Wednesday, hitting $34.56. 18,156,263 shares of the stock were exchanged, compared to its average volume of 21,914,039. 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 Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $37.44. The stock has a market capitalization of $129.04 billion, a PE ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results 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. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The business's revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

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.