Disciplined Equity Management Inc. Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Disciplined Equity Management Inc. acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,728 shares of the cable giant’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Northern Trust Corp lifted its position in shares of Comcast by 0.3% during the 3rd 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Comcast by 3.5% during 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 buying an additional 1,229,374 shares during the last quarter. LSV Asset Management lifted its position in shares of Comcast by 4.7% during the 3rd quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock valued at $670,359,000 after buying an additional 685,400 shares during the last quarter. Raymond James & Associates lifted its holdings in Comcast by 2.3% during the 4th 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 in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Comcast by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after purchasing an additional 581,163 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Down 0.4 %

Shares of CMCSA traded down $0.15 on Wednesday, reaching $40.21. The stock had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. The firm has a market capitalization of $159.71 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50-day simple moving average of $41.72 and a 200-day simple moving average of $42.64. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46.

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

Insiders Place Their Bets

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.18% of the company’s stock.

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.