US Asset Management LLC Buys New Position in Comcast Co. (NASDAQ:CMCSA)

US Asset Management LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 15,506 shares of the cable giant’s stock, valued at approximately $680,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its position in Comcast by 4.8% during the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the period. Pioneer Trust Bank N A OR lifted its stake in shares of Comcast by 14.4% during the 4th quarter. Pioneer Trust Bank N A OR now owns 128,784 shares of the cable giant’s stock valued at $5,647,000 after buying an additional 16,256 shares in the last quarter. National Pension Service boosted its holdings in Comcast by 2.2% in the 4th quarter. National Pension Service now owns 7,505,854 shares of the cable giant’s stock worth $329,132,000 after buying an additional 160,024 shares during the period. Meridian Wealth Advisors LLC grew its position in shares of Comcast by 3.5% in the fourth quarter. Meridian Wealth Advisors LLC now owns 77,503 shares of the cable giant’s stock valued at $3,399,000 after purchasing an additional 2,642 shares in the last quarter. Finally, RMR Wealth Builders increased its position in shares of Comcast by 2.9% during the fourth quarter. RMR Wealth Builders now owns 31,652 shares of the cable giant’s stock valued at $1,388,000 after buying an additional 896 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on CMCSA shares. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the company 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.79 on Friday, reaching $39.33. 6,547,548 shares of the company’s stock traded hands, compared to its average volume of 20,952,666. The stock has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $42.24. The firm has a market cap of $154.32 billion, a PE ratio of 10.35, a P/E/G 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. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast 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.