35,035 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Wynn Capital LLC

Wynn Capital LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,035 shares of the cable giant’s stock, valued at approximately $1,536,000. Comcast accounts for 1.3% of Wynn Capital LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Northern Trust Corp increased its holdings in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after purchasing an additional 141,874 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares during the period. LSV Asset Management increased its stake in shares of Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after purchasing an additional 685,400 shares during the period. Raymond James & Associates lifted its position in shares of Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after acquiring an additional 329,278 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Comcast by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after acquiring an additional 581,163 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock traded down $0.15 on Wednesday, hitting $40.21. The company’s stock had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The firm has a fifty day moving average price of $41.75 and a 200-day moving average price of $42.66. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $159.71 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.99 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Citigroup increased their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.74.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Company 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.