Watershed Asset Management L.L.C. Has $307,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Watershed Asset Management L.L.C. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,006 shares of the cable giant’s stock after purchasing an additional 829 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Comcast were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew 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 purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast during the 4th quarter worth about $34,000. Lipe & Dalton acquired a new stake in Comcast in the 4th quarter valued at about $37,000. First Personal Financial Services bought a new position in shares of Comcast in the third quarter worth about $39,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Comcast during the fourth quarter worth approximately $44,000. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CMCSA shares. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Citigroup lifted their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company cut their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Trading Down 0.5 %

CMCSA stock traded down $0.21 during midday trading on Tuesday, hitting $40.36. 15,322,636 shares of the company’s stock were exchanged, compared to its average volume of 20,645,980. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. 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 company has a market cap of $160.30 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The stock’s fifty day moving average price is $41.75 and its 200-day moving average price is $42.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal 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.