Vestmark Advisory Solutions Inc. Has $2.07 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Vestmark Advisory Solutions Inc. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,281 shares of the cable giant’s stock after purchasing an additional 2,343 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Comcast were worth $2,073,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. First National Trust Co increased its holdings in Comcast by 10.9% in the 4th quarter. First National Trust Co now owns 38,274 shares of the cable giant’s stock valued at $1,678,000 after buying an additional 3,770 shares during the period. AJOVista LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $157,000. VeraBank N.A. raised its holdings in shares of Comcast by 3.7% in the 4th quarter. VeraBank N.A. now owns 7,742 shares of the cable giant’s stock worth $339,000 after buying an additional 275 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Comcast by 5.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 45,341 shares of the cable giant’s stock worth $1,988,000 after buying an additional 2,456 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $1,711,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMCSA. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Redburn Atlantic cut 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 report on Thursday, February 15th. Wells Fargo & Company reduced their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Up 0.9 %

Comcast stock traded up $0.33 during mid-day trading on Friday, reaching $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 debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The business’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $42.38. The company has a market capitalization of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99.

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

Comcast Company 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.