Savant Capital LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Savant Capital LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 8.3% during the fourth quarter, HoldingsChannel reports. The firm owned 126,225 shares of the cable giant’s stock after buying an additional 9,714 shares during the period. Savant Capital LLC’s holdings in Comcast were worth $5,535,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. NewSquare Capital LLC raised its holdings in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the fourth quarter worth $34,000. Lipe & Dalton purchased a new stake in shares of Comcast during the 4th quarter worth $37,000. Valued Wealth Advisors LLC acquired a new position in shares of Comcast during the 4th quarter worth $44,000. Finally, Legacy Bridge LLC increased its holdings in shares of Comcast by 358.7% in the 4th quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after purchasing an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Scotiabank cut their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Trading Down 1.9 %

Shares of Comcast stock opened at $38.11 on Wednesday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a market cap of $151.37 billion, a PE ratio of 10.08, a P/E/G ratio of 0.97 and a beta of 0.98. The business’s fifty day moving average is $41.47 and its two-hundred day moving average is $42.47. 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 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 quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. 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.