MJP Associates Inc. ADV Purchases 13,282 Shares of Comcast Co. (NASDAQ:CMCSA)

MJP Associates Inc. ADV boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 265.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,279 shares of the cable giant’s stock after buying an additional 13,282 shares during the period. MJP Associates Inc. ADV’s holdings in Comcast were worth $686,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Comcast in the fourth quarter worth about $25,000. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter valued at approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Comcast in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.1%

CMCSA stock opened at $34.25 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm’s 50-day simple moving average is $35.01 and its 200 day simple moving average is $37.51. The stock has a market cap of $127.88 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

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.