Tidal Investments LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Tidal Investments LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 88.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,622 shares of the cable giant’s stock after acquiring an additional 151,182 shares during the period. Tidal Investments LLC’s holdings in Comcast were worth $12,108,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMCSA. True Wealth Design LLC raised its holdings in Comcast by 20.6% in the fourth quarter. True Wealth Design LLC now owns 4,090 shares of the cable giant’s stock valued at $154,000 after buying an additional 699 shares during the period. Toronto Dominion Bank raised its holdings in Comcast by 6.3% in the fourth quarter. Toronto Dominion Bank now owns 2,918,095 shares of the cable giant’s stock valued at $109,513,000 after buying an additional 172,871 shares during the period. Scissortail Wealth Management LLC raised its holdings in Comcast by 8,267.8% in the fourth quarter. Scissortail Wealth Management LLC now owns 32,718 shares of the cable giant’s stock valued at $1,228,000 after buying an additional 32,327 shares during the period. Snowden Capital Advisors LLC raised its holdings in Comcast by 0.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 323,274 shares of the cable giant’s stock valued at $12,132,000 after buying an additional 1,662 shares during the period. Finally, Silver Rock Financial LP raised its holdings in Comcast by 14.4% in the fourth quarter. Silver Rock Financial LP now owns 457,500 shares of the cable giant’s stock valued at $17,170,000 after buying an additional 57,500 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $35.48 on Monday. 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 $34.88 and its 200 day simple moving average is $37.25. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $132.47 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.78 and a beta of 0.97.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on CMCSA. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Finally, Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast currently 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.