Bank Julius Baer & Co. Ltd Zurich Cuts Position in Comcast Co. (NASDAQ:CMCSA)

Bank Julius Baer & Co. Ltd Zurich decreased its position in Comcast Co. (NASDAQ:CMCSA) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,130 shares of the cable giant’s stock after selling 2,234 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Comcast were worth $400,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. NewSquare Capital LLC raised 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 in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in 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 last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton purchased a new position in Comcast in the fourth quarter valued at approximately $37,000. Finally, First Personal Financial Services purchased a new position in Comcast in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMCSA shares. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Scotiabank dropped their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

Comcast Stock Performance

NASDAQ:CMCSA opened at $38.57 on Friday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The firm’s fifty day moving average price is $41.58 and its 200 day moving average price is $42.56. The firm has a market cap of $153.19 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.94 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, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter last year, the company earned $0.92 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

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.