Invera Wealth Advisors LLC Has $765,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Invera Wealth Advisors LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,302 shares of the cable giant’s stock after selling 274 shares during the period. Invera Wealth Advisors LLC’s holdings in Comcast were worth $765,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Comcast in the 4th quarter valued at about $2,542,988,000. Capital World Investors lifted its holdings in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Envestnet Asset Management Inc. grew its holdings in Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock worth $446,303,000 after acquiring an additional 2,861,358 shares during the period. Morningstar Investment Services LLC grew its holdings in Comcast by 116.8% during the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after acquiring an additional 2,772,190 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Comcast by 215.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after acquiring an additional 2,474,946 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Citigroup lowered their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Scotiabank lowered their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.28 on Monday, reaching $38.85. The stock had a trading volume of 14,665,014 shares, compared to its average volume of 20,884,555. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The firm has a market capitalization of $154.31 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The firm’s 50-day moving average is $41.54 and its two-hundred day moving average is $42.51. 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 (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal 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.