Evexia Wealth LLC Has $3.27 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Evexia Wealth LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 2.7% in the fourth quarter, Holdings Channel reports. The fund owned 72,409 shares of the cable giant’s stock after purchasing an additional 1,910 shares during the quarter. Comcast accounts for approximately 1.4% of Evexia Wealth LLC’s investment portfolio, making the stock its 28th largest holding. Evexia Wealth LLC’s holdings in Comcast were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in Comcast by 39.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after acquiring an additional 2,861,358 shares during the period. Lord Abbett & CO. LLC increased its holdings in 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 during the period. SG Americas Securities LLC raised its position in Comcast by 422.9% during the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock worth $73,616,000 after purchasing an additional 1,357,756 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Comcast by 35.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after buying an additional 1,227,469 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Comcast in the 3rd quarter valued at about $49,424,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Price Performance

CMCSA stock remained flat at $38.49 during midday trading on Tuesday. 30,572,214 shares of the company’s stock were exchanged, compared to its average volume of 21,058,799. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a market capitalization of $151.02 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The firm has a 50 day simple moving average of $41.11 and a two-hundred day simple moving average of $42.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. Analysts forecast 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.