Comcast Co. (NASDAQ:CMCSA) is LSV Asset Management’s 2nd Largest Position

LSV Asset Management raised its stake in Comcast Co. (NASDAQ:CMCSA) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,688,650 shares of the cable giant’s stock after acquiring an additional 570,050 shares during the quarter. Comcast makes up 1.5% of LSV Asset Management’s holdings, making the stock its 2nd biggest position. LSV Asset Management’s holdings in Comcast were worth $687,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of 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 purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast in the 4th quarter worth about $34,000. Lipe & Dalton bought a new stake in Comcast in the 4th quarter valued at about $37,000. Valued Wealth Advisors LLC purchased a new stake in Comcast during the fourth quarter valued at about $44,000. Finally, Legacy Bridge LLC boosted its position in Comcast by 358.7% during the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after purchasing an additional 825 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CMCSA shares. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Scotiabank dropped their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Finally, Citigroup cut their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Price Performance

CMCSA stock traded up $0.33 during midday trading on Friday, reaching $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The firm has a 50-day moving average price of $41.26 and a 200-day moving average price of $42.38. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $153.67 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.97 and a beta of 0.99. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal 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.