Comcast Co. (NASDAQ:CMCSA) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 310,816 shares of the cable giant’s stock after selling 4,900 shares during the period. Maryland State Retirement & Pension System’s holdings in Comcast were worth $13,629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in Comcast by 94.1% during 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 in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton bought a new stake in shares of Comcast during the 4th quarter worth $37,000. Finally, Valued Wealth Advisors LLC bought a new position in Comcast in the fourth quarter valued at about $44,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. 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. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Scotiabank decreased their target price 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. 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, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Up 0.1 %

Shares of CMCSA traded up $0.03 during midday trading on Tuesday, hitting $38.52. The company had a trading volume of 17,803,461 shares, compared to its average volume of 20,896,299. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company’s 50 day moving average price is $41.18 and its 200 day moving average price is $42.32. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market cap of $151.14 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating 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 period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Comcast 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.