Comcast Co. (NASDAQ:CMCSA) Position Reduced by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,237 shares of the cable giant's stock after selling 9,958 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Comcast were worth $2,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank increased its stake in Comcast by 5.2% in the 4th quarter. Czech National Bank now owns 827,622 shares of the cable giant's stock valued at $31,061,000 after buying an additional 40,676 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Comcast by 21.7% in the fourth quarter. Aprio Wealth Management LLC now owns 12,771 shares of the cable giant's stock valued at $479,000 after buying an additional 2,277 shares during the period. City Center Advisors LLC grew its stake in Comcast by 10.4% during the fourth quarter. City Center Advisors LLC now owns 13,355 shares of the cable giant's stock worth $501,000 after buying an additional 1,253 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in Comcast by 982.8% during the fourth quarter. Fiduciary Alliance LLC now owns 79,110 shares of the cable giant's stock worth $2,969,000 after purchasing an additional 71,804 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its stake in Comcast by 11.8% during the fourth quarter. Trust Co. of Toledo NA OH now owns 80,742 shares of the cable giant's stock worth $3,030,000 after acquiring an additional 8,517 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA traded up $0.15 on Friday, hitting $35.48. 20,639,695 shares of the company were exchanged, compared to its average volume of 21,906,904. The firm has a market capitalization of $132.47 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business's fifty day moving average is $34.89 and its 200 day moving average is $37.38. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and cut their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and a consensus 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.