Freedom Together Foundation Has $2.14 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Freedom Together Foundation decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 80.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,043 shares of the cable giant's stock after selling 230,000 shares during the period. Comcast comprises about 0.2% of Freedom Together Foundation's investment portfolio, making the stock its 12th biggest holding. Freedom Together Foundation's holdings in Comcast were worth $2,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Ellevest Inc. boosted its stake in shares of Comcast by 8.5% during the 4th quarter. Ellevest Inc. now owns 20,661 shares of the cable giant's stock valued at $775,000 after buying an additional 1,619 shares during the period. Ethic Inc. boosted its stake in shares of Comcast by 59.3% during the 4th quarter. Ethic Inc. now owns 474,907 shares of the cable giant's stock valued at $17,823,000 after buying an additional 176,786 shares during the period. Coastal Bridge Advisors LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $855,000. Deutsche Bank AG boosted its stake in shares of 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 buying an additional 478,186 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of 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 buying an additional 65,739 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

NASDAQ CMCSA traded up $0.47 on Monday, reaching $34.72. The company's stock had a trading volume of 23,090,844 shares, compared to its average volume of 21,903,164. The firm has a market cap of $129.63 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business has a 50-day moving average price of $34.99 and a 200 day moving average price of $37.46. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. Sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp reduced their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research note on Friday, January 31st. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Barclays dropped their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

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.