Northern Trust Corp Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Northern Trust Corp grew its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,479,501 shares of the cable giant's stock after purchasing an additional 4,819,443 shares during the period. Northern Trust Corp owned approximately 1.12% of Comcast worth $1,594,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Morse Asset Management Inc bought a new position in Comcast during the third quarter valued at approximately $451,000. Invst LLC raised its holdings in shares of Comcast by 8.4% during the third quarter. Invst LLC now owns 39,839 shares of the cable giant's stock valued at $1,664,000 after acquiring an additional 3,077 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after acquiring an additional 282 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Comcast by 6.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant's stock worth $525,000 after purchasing an additional 759 shares in the last quarter. Finally, Tudor Financial Inc. bought a new stake in shares of Comcast during the 3rd quarter valued at about $1,301,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.38 on Thursday, reaching $33.82. 20,264,755 shares of the stock were exchanged, compared to its average volume of 21,909,196. The firm has a market capitalization of $127.87 billion, a PE ratio of 8.15, a PEG ratio of 1.78 and a beta of 0.94. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company's 50-day simple moving average is $35.21 and its two-hundred day simple moving average is $37.93. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. Analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Barclays dropped their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday. KeyCorp lowered their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and an average price target 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.