Sutton Place Investors LLC Buys New Shares in Comcast Co. (NASDAQ:CMCSA)

Sutton Place Investors LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,735 shares of the cable giant’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steph & Co. increased its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. NewSquare Capital LLC grew its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in shares of Comcast in the 4th quarter worth approximately $28,000. Finally, Pineridge Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $32,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Down 1.9 %

Shares of CMCSA stock traded down $0.74 on Tuesday, hitting $38.11. The stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. The firm has a market cap of $151.37 billion, a P/E ratio of 10.08, a PEG ratio of 0.95 and a beta of 0.98. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $42.47.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. As a group, analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Scotiabank dropped their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Finally, Citigroup cut their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.