Mengis Capital Management Inc. Acquires 2,825 Shares of Comcast Co. (NASDAQ:CMCSA)

Mengis Capital Management Inc. raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 33.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,167 shares of the cable giant’s stock after purchasing an additional 2,825 shares during the quarter. Mengis Capital Management Inc.’s holdings in Comcast were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC lifted its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton bought a new position in Comcast in the fourth quarter valued at approximately $37,000. Finally, First Personal Financial Services acquired a new position in Comcast during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $49.74.

Comcast Trading Up 0.8 %

Shares of CMCSA stock traded up $0.32 on Monday, hitting $40.56. The company had a trading volume of 10,597,715 shares, compared to its average volume of 20,528,730. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. 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 firm has a market cap of $161.10 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.98 and a beta of 0.98. The stock’s 50-day moving average is $41.82 and its two-hundred day moving average is $42.70.

Comcast (NASDAQ:CMCSA) last released its earnings results 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. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, equities research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. 1.18% of the stock is owned by insiders.

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.