Comcast Co. (NASDAQ:CMCSA) Shares Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 15,181 shares of the cable giant’s stock after purchasing an additional 452 shares during the quarter. SlateStone Wealth LLC’s holdings in Comcast were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in shares of Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after acquiring an additional 2,861,358 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after acquiring an additional 1,907,973 shares during the period. SG Americas Securities LLC increased its stake in shares of Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after acquiring an additional 1,357,756 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Comcast by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after acquiring an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Comcast by 35.5% in the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after acquiring an additional 1,227,469 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.1 %

Shares of NASDAQ:CMCSA traded up $0.06 during trading on Tuesday, hitting $40.63. 7,759,437 shares of the company were exchanged, compared to its average volume of 20,545,732. The stock has a market capitalization of $161.38 billion, a P/E ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The firm’s 50 day moving average price is $41.78 and its 200-day moving average price is $42.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Wells Fargo & Company lowered their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.74.

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.