Cary Street Partners Financial LLC Buys New Holdings in Comcast Co. (NASDAQ:CMCSA)

Cary Street Partners Financial LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,316 shares of the cable giant’s stock, valued at approximately $1,138,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Norges Bank bought a new stake in Comcast in the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. purchased a new position in shares of Comcast during the 4th quarter worth approximately $743,681,000. Amundi raised its position in shares of Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $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 fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMCSA. Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Oppenheimer dropped their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Trading Down 0.3 %

Comcast stock opened at $34.39 on Thursday. 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 market cap of $128.40 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.78 and a beta of 0.97. The business has a 50-day simple moving average of $35.07 and a two-hundred day simple moving average of $37.66. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $29.82 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts predict that Comcast Co. will post 4.33 EPS for the current 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.