Conservest Capital Advisors Inc. Acquires 35,777 Shares of Comcast Co. (NASDAQ:CMCSA)

Conservest Capital Advisors Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 476.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,287 shares of the cable giant’s stock after acquiring an additional 35,777 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Comcast were worth $1,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in shares of Comcast by 39.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after purchasing an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Comcast by 43.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after purchasing an additional 1,907,973 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Comcast by 422.9% in the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after purchasing an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Comcast by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Comcast by 35.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after purchasing an additional 1,227,469 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.8 %

Shares of NASDAQ:CMCSA traded up $0.70 during trading on Friday, hitting $38.57. The stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market capitalization of $153.19 billion, a PE ratio of 10.20, a PEG ratio of 0.94 and a beta of 0.98. The firm’s fifty day moving average is $41.58 and its 200 day moving average is $42.56. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced 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 return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CMCSA shares. Citigroup upped 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. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.45.

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.