Atria Wealth Solutions Inc. Has $8.91 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Atria Wealth Solutions Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,167 shares of the cable giant’s stock after buying an additional 11,632 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Comcast were worth $8,909,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMCSA. Envestnet Asset Management Inc. increased its stake in Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after purchasing an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Comcast by 43.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after buying an additional 1,907,973 shares during the period. SG Americas Securities LLC boosted its holdings in Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after acquiring an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comcast by 3.5% in the third 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 acquiring an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Comcast by 35.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by company insiders.

Comcast Stock Performance

Comcast stock opened at $37.58 on Friday. Comcast Co. has a 1-year low of $37.19 and a 1-year high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $149.26 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The firm’s 50 day simple moving average is $41.64 and its 200 day simple moving average is $42.61.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. As a group, analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CMCSA shares. BNP Paribas restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Scotiabank decreased their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average price target of $49.45.

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.