Ensign Peak Advisors Inc Sells 139,486 Shares of Comcast Co. (NASDAQ:CMCSA)

Ensign Peak Advisors Inc lowered its position in Comcast Co. (NASDAQ:CMCSA) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,333,171 shares of the cable giant’s stock after selling 139,486 shares during the period. Ensign Peak Advisors Inc’s holdings in Comcast were worth $87,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Fortitude Family Office LLC increased its holdings in Comcast by 36.1% during the 4th quarter. Fortitude Family Office LLC now owns 2,251 shares of the cable giant’s stock worth $84,000 after purchasing an additional 597 shares in the last quarter. ORG Partners LLC boosted its position in shares of Comcast by 53.9% during the fourth quarter. ORG Partners LLC now owns 4,772 shares of the cable giant’s stock valued at $179,000 after buying an additional 1,672 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Comcast by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 666,389 shares of the cable giant’s stock worth $25,010,000 after buying an additional 7,387 shares in the last quarter. Franklin Street Advisors Inc. NC raised its position in Comcast by 15.9% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 9,825 shares of the cable giant’s stock valued at $369,000 after buying an additional 1,350 shares during the last quarter. Finally, Graypoint LLC lifted its stake in Comcast by 2.1% during the 4th quarter. Graypoint LLC now owns 33,854 shares of the cable giant’s stock valued at $1,271,000 after acquiring an additional 701 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Benchmark decreased their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Citigroup cut their price objective 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, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.25 on Friday. The company has a 50 day moving average of $35.01 and a 200 day moving average of $37.56. 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 stock has a market cap of $127.88 billion, a P/E ratio of 8.25, 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.

Comcast (NASDAQ:CMCSA) last released 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. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts forecast 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.