Stokes Family Office LLC Has $986,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Stokes Family Office LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,478 shares of the cable giant’s stock after selling 19,264 shares during the quarter. Stokes Family Office LLC’s holdings in Comcast were worth $986,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. NewSquare Capital LLC lifted its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position 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 valued at $28,000 after purchasing an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton bought a new position in shares of Comcast in the fourth quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $44,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday, April 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Citigroup reduced their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Trading Up 0.9 %

Shares of Comcast stock traded up $0.33 on Friday, reaching $38.69. 22,278,723 shares of the company’s stock were exchanged, compared to its average volume of 22,677,254. The company has a market capitalization of $153.67 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The firm’s 50-day moving average is $41.32 and its two-hundred day moving average is $42.41. 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 (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal 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.