Moss Adams Wealth Advisors LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Moss Adams Wealth Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,815 shares of the cable giant’s stock after acquiring an additional 268 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Comcast were worth $387,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. NewSquare Capital LLC boosted its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after buying an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast during the fourth quarter valued at approximately $34,000. Lipe & Dalton purchased a new stake in Comcast during the fourth quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Comcast during the 4th quarter worth $44,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Wells Fargo & Company cut their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. 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. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Up 1.5 %

NASDAQ:CMCSA traded up $0.56 during trading hours on Wednesday, reaching $39.05. The company’s stock had a trading volume of 21,618,699 shares, compared to its average volume of 21,088,303. The stock has a 50 day moving average price of $41.11 and a two-hundred day moving average price of $42.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $153.22 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its 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. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.