Abbrea Capital LLC Acquires 910 Shares of Comcast Co. (NASDAQ:CMCSA)

Abbrea Capital LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,467 shares of the cable giant’s stock after acquiring an additional 910 shares during the period. Abbrea Capital LLC’s holdings in Comcast were worth $1,818,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the 4th quarter valued at $34,000. Lipe & Dalton bought a new stake in Comcast in the 4th quarter valued at $37,000. First Personal Financial Services bought a new stake in Comcast in the 3rd quarter valued at $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in Comcast in the 4th quarter valued at $44,000. 84.32% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Stock Up 1.8 %

Comcast stock traded up $0.70 during mid-day trading on Friday, hitting $38.57. The company had a trading volume of 28,973,182 shares, compared to its average volume of 20,948,047. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $41.64 and its two-hundred day moving average price is $42.61. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a market capitalization of $153.19 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 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.