Cetera Trust Company N.A Acquires Shares of 54,808 Comcast Co. (NASDAQ:CMCSA)

Cetera Trust Company N.A bought a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel reports. The fund bought 54,808 shares of the cable giant’s stock, valued at approximately $2,403,000. Comcast accounts for about 1.5% of Cetera Trust Company N.A’s holdings, making the stock its 24th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Morgan Stanley increased its position in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the period. Norges Bank purchased a new position in shares of Comcast in the 4th quarter valued at approximately $1,798,173,000. Northern Trust Corp boosted its position in shares of Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comcast by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock worth $1,245,022,000 after purchasing an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Comcast by 1.1% in the first quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock worth $1,987,094,000 after purchasing an additional 473,150 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’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 transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Citigroup boosted their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.62 during midday trading on Friday, hitting $40.24. 24,227,565 shares of the company’s stock traded hands, compared to its average volume of 19,806,908. The firm has a fifty day moving average of $41.82 and a 200 day moving average of $42.71. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $159.83 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

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

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.