Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,006 shares of the cable giant’s stock after acquiring an additional 829 shares during the period. Watershed Asset Management L.L.C.’s holdings in Comcast were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Cumberland Partners Ltd raised its holdings in shares of Comcast by 7.5% during the 4th quarter. Cumberland Partners Ltd now owns 39,287 shares of the cable giant’s stock valued at $1,724,000 after buying an additional 2,750 shares during the period. Millington Financial Advisors LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $1,105,000. GAMMA Investing LLC purchased a new position in shares of Comcast in the fourth quarter valued at $1,184,000. Element Wealth LLC grew its holdings in Comcast by 8.4% during the 4th quarter. Element Wealth LLC now owns 7,562 shares of the cable giant’s stock valued at $332,000 after purchasing an additional 588 shares in the last quarter. Finally, Beaumont Asset Management L.L.C. increased its stake in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.74.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.21 during midday trading on Tuesday, hitting $40.36. 15,322,636 shares of the stock were exchanged, compared to its average volume of 20,645,980. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. The business has a 50-day moving average price of $41.75 and a two-hundred day moving average price of $42.66. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current year.

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.