460,000 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Nearwater Capital Markets Ltd

Nearwater Capital Markets Ltd bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 460,000 shares of the cable giant’s stock, valued at approximately $17,264,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during 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 Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Comcast during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities restated a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Barclays reduced their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Up 0.2%

Shares of NASDAQ CMCSA opened at $34.79 on Wednesday. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $34.96 and a 200 day moving average of $37.44. The stock has a market cap of $129.90 billion, a PE ratio of 8.38, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last issued its earnings results 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 business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS 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.