Moss Adams Wealth Advisors LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Moss Adams Wealth Advisors LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,815 shares of the cable giant’s stock after buying an additional 268 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Comcast were worth $387,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the fourth quarter worth about $34,000. Lipe & Dalton acquired a new position in Comcast during the fourth quarter worth about $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast in the fourth quarter valued at about $44,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup cut their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Up 1.5 %

Shares of CMCSA traded up $0.56 during mid-day trading on Wednesday, reaching $39.05. 21,618,699 shares of the stock traded hands, compared to its average volume of 21,088,303. The firm has a market cap of $153.22 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.97 and a beta of 0.99. The stock has a fifty day simple moving average of $41.11 and a 200 day simple moving average of $42.29. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Company 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.