Financial Engines Advisors L.L.C. Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Financial Engines Advisors L.L.C. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 18.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,732 shares of the cable giant’s stock after selling 2,173 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Comcast were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Research Global Investors lifted its holdings in Comcast by 5.7% during the 3rd quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock worth $8,025,044,000 after buying an additional 7,794,333 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Comcast by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 99,553,850 shares of the cable giant’s stock worth $5,568,047,000 after buying an additional 1,672,746 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Comcast by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 76,964,610 shares of the cable giant’s stock worth $4,292,883,000 after buying an additional 1,946,861 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Comcast by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 45,683,521 shares of the cable giant’s stock worth $2,555,079,000 after buying an additional 1,428,356 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Comcast by 5.9% during the 3rd quarter. Morgan Stanley now owns 43,267,135 shares of the cable giant’s stock worth $2,419,932,000 after buying an additional 2,417,070 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

A number of analysts have issued reports on the company. TD Securities decreased their price target on Comcast from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, April 29th. Oppenheimer cut their target price on Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 14th. Barclays cut their target price on Comcast from $56.00 to $48.00 in a research report on Friday, April 29th. Cowen lifted their target price on Comcast from $60.00 to $64.00 in a research report on Friday, January 28th. Finally, Morgan Stanley cut their target price on Comcast from $60.00 to $55.00 in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $59.46.

CMCSA traded up $1.09 during trading on Tuesday, reaching $40.85. The company’s stock had a trading volume of 1,874,764 shares, compared to its average volume of 23,614,920. Comcast Co. has a 52-week low of $39.47 and a 52-week high of $61.80. The company’s fifty day moving average price is $45.76 and its 200-day moving average price is $48.67. The company has a market capitalization of $185.18 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company had revenue of $31.01 billion for the quarter, compared to analyst estimates of $30.40 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 3.55 earnings per share for the current year.

In other news, CEO David N. Watson sold 65,410 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.04% of the stock is currently owned by insiders.

About Comcast (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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