Parthenon LLC Has $346,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Parthenon LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,898 shares of the cable giant’s stock after acquiring an additional 348 shares during the period. Parthenon LLC’s holdings in Comcast were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CMCSA. Envestnet Asset Management Inc. increased its holdings in shares of Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after purchasing an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after purchasing an additional 1,907,973 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after purchasing an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Comcast by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after purchasing an additional 1,229,374 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Comcast by 35.5% in the third quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after purchasing an additional 1,227,469 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. Citigroup lowered their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Redburn Atlantic lowered 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 report on Thursday, February 15th. Wells Fargo & Company lowered their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Down 1.9 %

CMCSA traded down $0.74 during trading on Tuesday, hitting $38.11. The company had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. The company has a market capitalization of $151.37 billion, a PE ratio of 10.08, a PEG ratio of 0.95 and a beta of 0.98. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The firm’s 50-day moving average price is $41.47 and its 200 day moving average price is $42.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) 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 firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 4.21 earnings per share 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.