Comcast Co. (NASDAQ:CMCSA) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 853,877 shares of the cable giant's stock after selling 199,394 shares during the quarter. Lazard Asset Management LLC's holdings in Comcast were worth $32,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its stake in 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 stake in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter valued at about $36,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Up 0.4%

Comcast stock traded up $0.15 during mid-day trading on Friday, reaching $35.48. 20,639,695 shares of the company's stock were exchanged, compared to its average volume of 21,931,881. The company has a market cap of $132.47 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $34.89 and a 200-day moving average of $37.38.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS 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 company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm posted $1.04 EPS. The company's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Analyst Ratings Changes

CMCSA has been the subject of several analyst reports. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Barclays cut their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and cut their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast 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.