Comcast Co. (NASDAQ:CMCSA) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,652 shares of the cable giant’s stock after acquiring an additional 896 shares during the period. RMR Wealth Builders’ holdings in Comcast were worth $1,388,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northern Trust Corp increased its stake in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the last quarter. LSV Asset Management raised its stake in Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares in the last quarter. Raymond James & Associates raised its stake in Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares in the last quarter. California Public Employees Retirement System lifted its position in Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after acquiring an additional 581,163 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Comcast by 2.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock valued at $477,070,000 after acquiring an additional 231,297 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Scotiabank dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten 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, the stock has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Price Performance

CMCSA stock opened at $38.97 on Thursday. The stock has a market capitalization of $152.90 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The stock’s fifty day simple moving average is $41.11 and its 200-day simple moving average is $42.29. 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 released 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 business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Equities research analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Company 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.