National Bank of Canada FI Sells 1,747,501 Shares of Comcast Co. (NASDAQ:CMCSA)

National Bank of Canada FI decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 29.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,140,666 shares of the cable giant’s stock after selling 1,747,501 shares during the quarter. National Bank of Canada FI’s holdings in Comcast were worth $180,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NewSquare Capital LLC boosted its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the 4th quarter valued at about $34,000. Lipe & Dalton acquired a new position in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Comcast during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.9 %

CMCSA traded up $0.33 during midday trading on Friday, hitting $38.69. 22,278,723 shares of the company were exchanged, compared to its average volume of 22,677,254. The firm has a market capitalization of $153.67 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99. The firm’s 50 day moving average price is $41.26 and its 200-day moving average price is $42.38. 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 Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

About Comcast

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.