Cumberland Partners Ltd Has $1.72 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Cumberland Partners Ltd increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.5% in the fourth quarter, HoldingsChannel reports. The firm owned 39,287 shares of the cable giant’s stock after buying an additional 2,750 shares during the period. Cumberland Partners Ltd’s holdings in Comcast were worth $1,724,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. NewSquare Capital LLC boosted its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast during the fourth quarter worth approximately $34,000. Lipe & Dalton bought a new stake in shares of Comcast during the fourth quarter worth approximately $37,000. Finally, First Personal Financial Services bought a new stake in shares of Comcast during the third quarter worth approximately $39,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.5 %

NASDAQ:CMCSA traded down $0.21 on Tuesday, hitting $40.36. The stock had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $160.30 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The firm’s fifty day simple moving average is $41.75 and its two-hundred day simple moving average is $42.66.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMCSA shares. Citigroup boosted their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $49.74.

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.