Cumberland Partners Ltd Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cumberland Partners Ltd raised its position in Comcast Co. (NASDAQ:CMCSA) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,287 shares of the cable giant’s stock after buying an additional 2,750 shares during the quarter. Cumberland Partners Ltd’s holdings in Comcast were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Everett Harris & Co. CA grew its holdings in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. grew its holdings in Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after acquiring an additional 1,486 shares during the period. Altus Wealth Group LLC grew its holdings in Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares during the period. PFG Advisors grew its holdings in Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in Comcast during the third quarter worth $8,868,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.5 %

Shares of CMCSA stock traded down $0.21 during trading hours on Tuesday, reaching $40.36. The company had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The company has a market capitalization of $160.30 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. The stock’s fifty day simple moving average is $41.75 and its 200 day simple moving average is $42.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.18% of the company’s stock.

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.