Benjamin Edwards Inc. Has $3.11 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Benjamin Edwards Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.1% in the 4th quarter, Holdings Channel reports. The fund owned 70,932 shares of the cable giant’s stock after acquiring an additional 4,707 shares during the quarter. Benjamin Edwards Inc.’s holdings in Comcast were worth $3,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Commonwealth Equity Services LLC increased its position in shares of Comcast by 1.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 968,433 shares of the cable giant’s stock valued at $42,466,000 after acquiring an additional 17,215 shares during the last quarter. Fisher Asset Management LLC raised its stake in Comcast by 5.3% in the fourth quarter. Fisher Asset Management LLC now owns 100,637 shares of the cable giant’s stock valued at $4,413,000 after buying an additional 5,108 shares during the period. LGT Fund Management Co Ltd. lifted its position in shares of Comcast by 8.7% in the fourth quarter. LGT Fund Management Co Ltd. now owns 50,000 shares of the cable giant’s stock valued at $2,206,000 after buying an additional 4,000 shares during the last quarter. LGT Group Foundation boosted its stake in shares of Comcast by 9.6% during the 4th quarter. LGT Group Foundation now owns 875,322 shares of the cable giant’s stock worth $38,619,000 after acquiring an additional 76,373 shares during the period. Finally, Heritage Wealth Management LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $1,376,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Citigroup decreased their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Scotiabank dropped their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Trading Up 0.2 %

Comcast stock traded up $0.07 during mid-day trading on Thursday, hitting $38.27. 6,919,698 shares of the stock were exchanged, compared to its average volume of 20,694,670. The firm’s fifty day simple moving average is $41.39 and its two-hundred day simple moving average is $42.44. 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 12 month low of $36.43 and a 12 month high of $47.46. The stock has a market capitalization of $152.00 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.95 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. Analysts forecast that Comcast Co. will post 4.21 EPS 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.