VeraBank N.A. Acquires 275 Shares of Comcast Co. (NASDAQ:CMCSA)

VeraBank N.A. increased its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,742 shares of the cable giant’s stock after buying an additional 275 shares during the period. VeraBank N.A.’s holdings in Comcast were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Financial Advisors Inc. boosted its stake in shares of Comcast by 5.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 45,341 shares of the cable giant’s stock valued at $1,988,000 after purchasing an additional 2,456 shares in the last quarter. Sapient Capital LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $1,711,000. Axxcess Wealth Management LLC raised its holdings in shares of Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after purchasing an additional 10,936 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares during the period. Finally, Loudon Investment Management LLC lifted its holdings in Comcast by 2.1% in the fourth quarter. Loudon Investment Management LLC now owns 102,522 shares of the cable giant’s stock valued at $4,546,000 after acquiring an additional 2,102 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Citigroup cut their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Trading Up 0.9 %

Shares of CMCSA stock traded up $0.33 during mid-day trading on Friday, hitting $38.69. The company’s stock had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The company has a market cap of $153.67 billion, a PE ratio of 10.24, a P/E/G ratio of 0.97 and a beta of 0.99. The company’s fifty day simple moving average is $41.26 and its 200-day simple moving average is $42.38. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal 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.