ProShare Advisors LLC Grows Holdings in Comcast Co. (NASDAQ:CMCSA)

ProShare Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 18.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,891,700 shares of the cable giant’s stock after purchasing an additional 765,481 shares during the quarter. ProShare Advisors LLC owned approximately 0.13% of Comcast worth $183,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Comcast during the 4th quarter valued at approximately $743,681,000. Bfsg LLC boosted its position in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Mission Wealth Management LP boosted its position in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its position in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after acquiring an additional 24,827 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $34.56 on Thursday. The firm has a market cap of $129.04 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The stock’s fifty day moving average price is $34.90 and its 200-day moving average price is $37.42.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. On average, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Scotiabank restated a “sector perform” rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Rosenblatt Securities restated a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $42.10.

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.