Raiffeisen Bank International AG purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,119 shares of the cable giant's stock, valued at approximately $1,388,000.
Several other institutional investors have also modified their holdings of the stock. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at about $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at about $36,000. Finally, Noble Wealth Management PBC purchased a new stake in Comcast in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CMCSA. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a report on Friday, January 31st. KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Scotiabank restated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two equities research 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 currently has an average rating of "Moderate Buy" and an average target price of $42.10.
Read Our Latest Stock Analysis on Comcast
Comcast Stock Up 0.4%
Shares of NASDAQ:CMCSA opened at $35.48 on Friday. The stock's 50-day moving average price is $34.88 and its two-hundred day moving average price is $37.33. 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 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market cap 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 (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $1.04 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.
Comcast Profile
(
Free Report)
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.
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