Millington Financial Advisors LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Millington Financial Advisors LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,201 shares of the cable giant’s stock, valued at approximately $1,105,000.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after buying an additional 141,874 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Comcast by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after purchasing an additional 1,229,374 shares during the period. LSV Asset Management boosted its position in shares of Comcast by 4.7% in the 3rd quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after purchasing an additional 685,400 shares during the last quarter. Raymond James & Associates grew its stake in shares of Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after purchasing an additional 581,163 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.21 during mid-day trading on Tuesday, reaching $40.36. 15,322,636 shares of the company were exchanged, compared to its average volume of 20,645,980. The stock has a market capitalization of $160.30 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The company’s 50-day simple moving average is $41.75 and its 200-day simple moving average is $42.66. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

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

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The stock was 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 Securities & Exchange Commission, which is available through this link. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMCSA shares. Citigroup increased their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Company decreased their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.