Polar Asset Management Partners Inc. Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Polar Asset Management Partners Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 57.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 133,800 shares of the cable giant’s stock after selling 183,800 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Comcast were worth $5,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Miracle Mile Advisors LLC increased its position in shares of Comcast by 21.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock valued at $369,000 after buying an additional 1,764 shares during the period. Accurate Wealth Management LLC increased its position in shares of Comcast by 5.5% in the fourth quarter. Accurate Wealth Management LLC now owns 13,278 shares of the cable giant’s stock worth $483,000 after purchasing an additional 697 shares during the last quarter. Pines Wealth Management LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $316,000. Assenagon Asset Management S.A. increased its position in shares of Comcast by 853.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,082,766 shares of the cable giant’s stock worth $40,636,000 after purchasing an additional 969,173 shares during the last quarter. Finally, Apella Capital LLC increased its position in shares of Comcast by 21.0% in the fourth quarter. Apella Capital LLC now owns 9,534 shares of the cable giant’s stock worth $358,000 after purchasing an additional 1,654 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMCSA has been the topic of several research analyst reports. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.33 on Friday. The firm has a market cap of $131.91 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50 day moving average price of $34.89 and a 200-day moving average price of $37.38.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Comcast Co. will post 4.33 earnings per share 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.