MJP Associates Inc. ADV Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

MJP Associates Inc. ADV raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 265.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,279 shares of the cable giant's stock after acquiring an additional 13,282 shares during the period. MJP Associates Inc. ADV's holdings in Comcast were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Comcast during the fourth quarter valued at approximately $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast in the 4th quarter worth $743,681,000. Amundi lifted its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the period. Capital World Investors raised its stake in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a report on Friday, January 31st. Scotiabank restated a "sector perform" rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Barclays reduced 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

Shares of Comcast stock traded up $0.77 during midday trading on Thursday, hitting $35.33. The company had a trading volume of 18,150,200 shares, compared to its average volume of 21,911,364. 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 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $131.91 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.78 and a beta of 0.97. The company has a fifty day simple moving average of $34.90 and a 200 day simple moving average of $37.42.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results 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 return on equity of 19.98% and a net margin of 13.09%. 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 prior year, the firm earned $1.04 earnings per share. Comcast's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that Comcast Co. will post 4.33 earnings per share 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.