Comcast Co. (NASDAQ:CMCSA) Position Reduced by Eudaimonia Partners LLC

Eudaimonia Partners LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 36.7% during the fourth quarter, Holdings Channel reports. The fund owned 5,502 shares of the cable giant’s stock after selling 3,191 shares during the quarter. Eudaimonia Partners LLC’s holdings in Comcast were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CMCSA. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Comcast in the 4th quarter worth approximately $34,000. Lipe & Dalton purchased a new stake in Comcast in the 4th quarter worth approximately $37,000. Valued Wealth Advisors LLC purchased a new position in shares of Comcast during the 4th quarter valued at $44,000. Finally, Legacy Bridge LLC increased its stake in shares of Comcast by 358.7% in the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after acquiring an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded down $0.45 during mid-day trading on Wednesday, reaching $39.25. The company had a trading volume of 18,353,842 shares, compared to its average volume of 20,945,133. The company has a 50 day moving average of $40.80 and a 200-day moving average of $42.21. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $154.00 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.99 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.33.

Read Our Latest Stock Analysis on Comcast

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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