American Trust Investment Advisors LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

American Trust Investment Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel reports. The fund acquired 109,130 shares of the cable giant’s stock, valued at approximately $4,096,000. Comcast makes up 1.7% of American Trust Investment Advisors LLC’s holdings, making the stock its 25th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Comcast during the 4th quarter valued at about $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast in the fourth quarter worth $743,681,000. Amundi grew its holdings in shares of Comcast by 147.9% during the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the last quarter. Capital World Investors increased its stake in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Dodge & Cox lifted its position in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after buying an additional 5,039,823 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Scotiabank restated a “sector perform” rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley set a $37.00 price objective on Comcast in a report on Friday, April 25th. Finally, Barclays reduced their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Up 1.9 %

Comcast stock opened at $34.46 on Friday. The company has a fifty day simple moving average of $35.13 and a 200 day simple moving average of $37.82. 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 1-year low of $31.44 and a 1-year high of $45.31. The company has a market cap of $130.29 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last issued 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 during the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

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.