Brighton Jones LLC Acquires 1,790 Shares of Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,421 shares of the cable giant’s stock after buying an additional 1,790 shares during the period. Brighton Jones LLC’s holdings in Comcast were worth $6,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC grew its holdings in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new position in Comcast in the fourth quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.74 during trading on Tuesday, hitting $38.11. 20,201,195 shares of the company’s stock were exchanged, compared to its average volume of 20,876,318. The business’s 50-day simple moving average is $41.54 and its 200 day simple moving average is $42.51. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a market cap of $151.37 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.95 and a beta of 0.98.

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

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.