Comcast Co. (NASDAQ:CMCSA) Shares Bought by Brighton Jones LLC

Brighton Jones LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 142,421 shares of the cable giant’s stock after acquiring an additional 1,790 shares during the quarter. Brighton Jones LLC’s holdings in Comcast were worth $6,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its stake in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the 4th quarter worth approximately $34,000. Lipe & Dalton acquired a new position in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.9 %

NASDAQ:CMCSA traded down $0.74 on Tuesday, reaching $38.11. The stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The stock has a market cap of $151.37 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $41.54 and a 200 day moving average of $42.51.

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. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. On average, research analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. Scotiabank lowered their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. BNP Paribas reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Finally, Citigroup reduced their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.