Great Valley Advisor Group Inc. Has $9.39 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Great Valley Advisor Group Inc. lifted its position in Comcast Co. (NASDAQ:CMCSA) by 40.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,143 shares of the cable giant’s stock after purchasing an additional 62,049 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Comcast were worth $9,390,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Northern Trust Corp raised its stake in Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Comcast by 3.5% during the third 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 acquiring an additional 1,229,374 shares in the last quarter. LSV Asset Management grew its holdings in shares of Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after purchasing an additional 685,400 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Comcast by 5.4% during the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after purchasing an additional 581,163 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock traded up $0.09 during trading on Wednesday, reaching $38.20. 19,736,445 shares of the company’s stock were exchanged, compared to its average volume of 20,862,834. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a market cap of $151.73 billion, a P/E ratio of 10.13, a PEG ratio of 0.97 and a beta of 0.98. The firm’s 50-day moving average price is $41.47 and its 200 day moving average price is $42.47.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMCSA shares. Citigroup decreased their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.