OneDigital Investment Advisors LLC Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

OneDigital Investment Advisors LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 22.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,499 shares of the cable giant's stock after selling 18,731 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Comcast were worth $2,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Comcast in the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. bought a new position in Comcast in the 4th quarter worth about $743,681,000. Amundi raised its holdings in shares of Comcast by 147.9% in 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 in the last quarter. Capital World Investors boosted its position in shares of 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 acquiring an additional 11,255,683 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Oppenheimer lowered their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. 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 report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

Shares of CMCSA stock traded up $0.15 on Tuesday, reaching $33.92. The company's stock had a trading volume of 6,590,560 shares, compared to its average volume of 21,784,659. The company has a market capitalization of $128.23 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The stock's fifty day simple moving average is $35.30 and its 200-day simple moving average is $37.98. 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 Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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 firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

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.