Bellevue Asset Management LLC Has $91,000 Position in Comcast Co. (NASDAQ:CMCSA)

Bellevue Asset Management LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 63.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,064 shares of the cable giant’s stock after selling 3,568 shares during the period. Bellevue Asset Management LLC’s holdings in Comcast were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Comcast by 299.1% during the fourth 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 during the period. Tennessee Valley Asset Management Partners acquired a new stake in Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton bought a new stake in Comcast in the 4th quarter valued at $37,000. Finally, Valued Wealth Advisors LLC acquired a new position in Comcast in the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. BNP Paribas reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. Finally, Evercore ISI reissued an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Price Performance

Comcast stock traded up $0.33 during mid-day trading on Friday, reaching $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The business has a fifty day simple moving average of $41.26 and a 200 day simple moving average of $42.38. The company has a market cap of $153.67 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.97 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. On average, equities research analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

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.