Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in Comcast Co. (NASDAQ:CMCSA) by 152.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,300 shares of the cable giant’s stock after purchasing an additional 96,900 shares during the quarter. Comcast makes up approximately 0.7% of Bayesian Capital Management LP’s holdings, making the stock its 14th biggest holding. Bayesian Capital Management LP’s holdings in Comcast were worth $6,016,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Comcast in the 4th quarter valued at about $743,681,000. Bfsg LLC grew its holdings in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after purchasing an additional 73,590 shares during the last quarter. Mission Wealth Management LP raised its position in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the period. Robinson Value Management Ltd. lifted its holdings in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after purchasing an additional 24,827 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.9 %

CMCSA stock opened at $34.46 on Friday. 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 firm has a market cap of $130.29 billion, a PE ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The firm has a 50 day simple moving average of $35.13 and a 200 day simple moving average of $37.79.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. Comcast’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Morgan Stanley set a $37.00 target price on shares of Comcast in a research note on Friday, April 25th. Benchmark dropped their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Finally, Citigroup lowered their target price on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $42.10.

About Comcast

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.