Forte Capital LLC ADV Has $436,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Forte Capital LLC ADV lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,934 shares of the cable giant’s stock after purchasing an additional 2,759 shares during the quarter. Forte Capital LLC ADV’s holdings in Comcast were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Northern Trust Corp raised its stake in shares of Comcast by 0.3% in the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the period. LSV Asset Management raised its stake in shares of Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after purchasing an additional 570,050 shares during the period. Raymond James & Associates raised its stake in shares of Comcast by 2.3% in the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after purchasing an additional 329,278 shares during the period. California Public Employees Retirement System raised its stake in shares of Comcast by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after purchasing an additional 581,163 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Comcast by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock valued at $477,070,000 after purchasing an additional 231,297 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.9 %

Comcast stock traded up $0.33 during mid-day trading on Friday, hitting $38.69. The company’s stock had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The business has a 50 day moving average price of $41.26 and a 200-day moving average price of $42.38. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

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

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.60.

About Comcast

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.