Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,083 shares of the cable giant’s stock after purchasing an additional 1,019 shares during the quarter. Westover Capital Advisors LLC’s holdings in Comcast were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Everett Harris & Co. CA boosted its position in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. boosted its position in Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after acquiring an additional 1,486 shares during the period. Altus Wealth Group LLC boosted its position in Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares during the period. PFG Advisors boosted its position in Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in Comcast during the 3rd quarter worth about $8,868,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.1 %

CMCSA traded up $0.05 during midday trading on Thursday, reaching $38.25. 11,053,179 shares of the company were exchanged, compared to its average volume of 20,741,031. 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 one year low of $36.43 and a one year high of $47.46. The stock has a market capitalization of $151.92 billion, a P/E ratio of 10.12, a PEG ratio of 0.95 and a beta of 0.99. The stock’s 50-day simple moving average is $41.39 and its 200 day simple moving average is $42.44.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Ten 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 target price of $49.60.

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.