National Bank of Canada FI Has $180.82 Million Stake in Comcast Co. (NASDAQ:CMCSA)

National Bank of Canada FI cut its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,140,666 shares of the cable giant's stock after selling 1,747,501 shares during the quarter. National Bank of Canada FI owned about 0.10% of Comcast worth $180,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. NewSquare Capital LLC increased its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after buying an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the fourth quarter valued at about $34,000. Lipe & Dalton acquired a new stake in Comcast during the 4th quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Comcast during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. BNP Paribas reissued a "neutral" rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Evercore ISI restated an "outperform" rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.60.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.33 during trading on Friday, reaching $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The firm's fifty day moving average is $41.26 and its 200 day moving average is $42.38. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $153.67 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current 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.