Gotham Asset Management LLC Acquires 76,361 Shares of Comcast Co. (NASDAQ:CMCSA)

Gotham Asset Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,914 shares of the cable giant's stock after purchasing an additional 76,361 shares during the period. Gotham Asset Management LLC's holdings in Comcast were worth $19,662,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Promus Capital LLC purchased a new position in shares of Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the 4th quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast during the fourth quarter valued at approximately $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CMCSA shares. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, 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 research report on Monday, April 28th. Two equities 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 company's stock. Based on data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.17 during trading hours on Tuesday, hitting $34.89. 2,935,691 shares of the company's stock were exchanged, compared to its average volume of 21,832,910. The stock has a market capitalization of $130.28 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 1.78 and a beta of 0.97. The company's 50-day moving average price is $34.99 and its 200-day moving average price is $37.46. 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 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS. On average, sell-side analysts expect 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.