National Bank of Canada FI Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

National Bank of Canada FI trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,140,666 shares of the cable giant’s stock after selling 1,747,501 shares during the quarter. National Bank of Canada FI owned approximately 0.10% of Comcast worth $180,823,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Everett Harris & Co. CA lifted its stake in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after buying an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in shares of Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares during the last quarter. Altus Wealth Group LLC increased its position in Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after purchasing an additional 1,432 shares in the last quarter. PFG Advisors increased its position in Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after purchasing an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Comcast in the 3rd quarter valued at about $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Citigroup dropped their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Scotiabank reduced their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Trading Up 0.9 %

Shares of Comcast stock traded up $0.33 on Friday, reaching $38.69. 22,278,723 shares of the company were exchanged, compared to its average volume of 22,677,254. 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. The firm has a market capitalization of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The stock has a fifty day moving average price of $41.26 and a 200-day moving average price of $42.38.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.21 EPS 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.