Comcast Co. (NASDAQ:CMCSA) Stock Position Increased by First National Trust Co

First National Trust Co boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,274 shares of the cable giant’s stock after buying an additional 3,770 shares during the quarter. First National Trust Co’s holdings in Comcast were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Envestnet Asset Management Inc. boosted its position 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 valued at $446,303,000 after purchasing an additional 2,861,358 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after buying an additional 1,907,973 shares during the period. SG Americas Securities LLC increased its position in shares of Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after acquiring an additional 1,357,756 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Comcast by 35.5% during the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $49,424,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

CMCSA stock traded up $0.33 during trading on Friday, reaching $38.69. 22,278,723 shares of the stock were exchanged, compared to its average volume of 22,677,254. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $153.67 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The stock has a 50 day simple moving average of $41.26 and a 200-day simple moving average of $42.38.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 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 analysts’ expectations of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company cut their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.