Comcast Co. (NASDAQ:CMCSA) is Silver Rock Financial LP’s Largest Position

Silver Rock Financial LP lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,500 shares of the cable giant’s stock after acquiring an additional 57,500 shares during the quarter. Comcast accounts for about 2.9% of Silver Rock Financial LP’s holdings, making the stock its biggest position. Silver Rock Financial LP’s holdings in Comcast were worth $17,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter worth about $25,000. Winch Advisory Services LLC increased 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 acquired a new position in shares of Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Comcast during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMCSA shares. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup cut their price target on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, April 25th. Benchmark decreased their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. 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 Performance

NASDAQ:CMCSA opened at $35.33 on Friday. The firm has a 50-day moving average of $34.89 and a two-hundred day moving average of $37.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $131.91 billion, a P/E ratio of 8.51, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31.

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