Metis Global Partners LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Metis Global Partners LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 210,419 shares of the cable giant’s stock after buying an additional 24,212 shares during the quarter. Metis Global Partners LLC’s holdings in Comcast were worth $9,227,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC grew its position in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. grew its holdings in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. increased its position in Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services raised its stake in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the last quarter. Finally, Forum Financial Management LP lifted its position in Comcast by 0.4% during the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock worth $2,545,000 after acquiring an additional 247 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock traded up $0.33 during mid-day trading on Friday, hitting $38.69. 22,278,723 shares of the stock traded hands, compared to its average volume of 22,677,254. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The company’s 50-day simple moving average is $41.26 and its 200-day simple moving average is $42.35. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. BNP Paribas reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Scotiabank cut their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Citigroup dropped their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.