Penobscot Investment Management Company Inc. Has $4.38 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Penobscot Investment Management Company Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,960 shares of the cable giant’s stock after purchasing an additional 755 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Comcast were worth $4,383,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Comcast by 8.4% in the third quarter. Brookstone Capital Management now owns 148,778 shares of the cable giant’s stock valued at $6,408,000 after buying an additional 11,489 shares during the period. Corundum Trust Company INC bought a new stake in shares of Comcast in the third quarter valued at $210,000. Edmp Inc. raised its stake in shares of Comcast by 7.1% in the third quarter. Edmp Inc. now owns 24,187 shares of the cable giant’s stock valued at $1,072,000 after buying an additional 1,612 shares during the period. Accurate Wealth Management LLC raised its stake in shares of Comcast by 17.9% in the third quarter. Accurate Wealth Management LLC now owns 14,466 shares of the cable giant’s stock valued at $642,000 after buying an additional 2,193 shares during the period. Finally, Vicus Capital raised its stake in shares of Comcast by 133.4% in the third quarter. Vicus Capital now owns 14,001 shares of the cable giant’s stock valued at $621,000 after buying an additional 8,002 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Ten 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 a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Down 1.5 %

Shares of Comcast stock traded down $0.59 on Tuesday, reaching $38.26. The company’s stock had a trading volume of 6,504,917 shares, compared to its average volume of 20,706,141. The company has a market capitalization of $151.96 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.95 and a beta of 0.98. The firm’s fifty day simple moving average is $41.54 and its two-hundred day simple moving average is $42.51. Comcast Co. has a 52 week low of $36.43 and a 52 week 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 issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

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.