Sapient Capital LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Sapient Capital LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 39,013 shares of the cable giant’s stock, valued at approximately $1,711,000.

A number of other hedge funds also recently made changes to their positions in the stock. Greenwich Wealth Management LLC boosted its stake in shares of Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares in the last quarter. Legend Financial Advisors Inc. boosted its position in Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after purchasing an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. grew its holdings in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services increased its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Comcast by 0.4% during the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock worth $2,545,000 after buying an additional 247 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Trading Up 0.9 %

Shares of CMCSA traded up $0.33 during trading on Friday, reaching $38.69. 22,278,723 shares of the company traded hands, compared to its average volume of 22,677,254. The stock has a 50-day simple moving average of $41.26 and a 200-day simple moving average of $42.38. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The stock has a market cap 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts anticipate that Comcast Co. will post 4.21 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.