ProShare Advisors LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

ProShare Advisors LLC grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,891,700 shares of the cable giant's stock after buying an additional 765,481 shares during the quarter. ProShare Advisors LLC owned 0.13% of Comcast worth $183,586,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Comcast during the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the fourth quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Comcast during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased 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. Macquarie decreased their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, nine 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, the company has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Up 0.4%

Shares of NASDAQ CMCSA traded up $0.15 during midday trading on Friday, hitting $35.48. The stock had a trading volume of 20,639,695 shares, compared to its average volume of 21,964,807. The company has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year 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 price of $34.88 and a 200 day moving average price of $37.30.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. On average, analysts predict that Comcast Co. will post 4.33 earnings per share 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.