Bailard Inc. Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Bailard Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.2% during the fourth quarter, HoldingsChannel reports. The firm owned 153,491 shares of the cable giant’s stock after acquiring an additional 379 shares during the period. Bailard Inc.’s holdings in Comcast were worth $6,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% during 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. Tennessee Valley Asset Management Partners acquired a new stake in Comcast in the 4th quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in Comcast in the 4th quarter valued at approximately $37,000. First Personal Financial Services acquired a new stake in Comcast in the 3rd quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 5.8 %

Shares of Comcast stock traded down $2.35 during trading on Thursday, hitting $37.86. 24,036,968 shares of the stock were exchanged, compared to its average volume of 20,661,711. The stock has a market cap of $150.37 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The firm’s 50-day moving average price is $41.72 and its 200 day moving average price is $42.64. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. As a group, analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CMCSA shares. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Finally, 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. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.74.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by corporate 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.