Park Avenue Securities LLC Has $4.44 Million Holdings in Comcast Co. (NASDAQ:CMCSA)


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Park Avenue Securities LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,072 shares of the cable giant’s stock after acquiring an additional 8,198 shares during the quarter. Park Avenue Securities LLC’s holdings in Comcast were worth $4,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of Comcast by 7.4% during the 4th quarter. FMR LLC now owns 89,403,545 shares of the cable giant’s stock worth $4,684,747,000 after purchasing an additional 6,132,846 shares in the last quarter. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth about $2,713,360,000. Price T Rowe Associates Inc. MD raised its stake in shares of Comcast by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,738,347 shares of the cable giant’s stock worth $2,501,489,000 after purchasing an additional 173,132 shares in the last quarter. Morgan Stanley raised its stake in shares of Comcast by 7.0% during the 4th quarter. Morgan Stanley now owns 37,933,210 shares of the cable giant’s stock worth $1,987,699,000 after purchasing an additional 2,487,384 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in shares of Comcast by 1.0% during the 4th quarter. Parnassus Investments CA now owns 21,650,352 shares of the cable giant’s stock worth $1,134,478,000 after purchasing an additional 214,483 shares in the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

A number of research analysts recently weighed in on the company. Cowen raised Comcast from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $60.00 in a research note on Wednesday, February 3rd. Raymond James raised their price objective on Comcast from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup raised their price objective on Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Finally, TD Securities raised their target price on Comcast from $68.00 to $70.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $61.75.

Shares of Comcast stock traded up $0.14 during trading hours on Tuesday, hitting $56.71. The company’s stock had a trading volume of 220,213 shares, compared to its average volume of 18,147,564. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $259.77 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. Comcast Co. has a 12 month low of $34.17 and a 12 month high of $58.58. The stock has a 50 day moving average of $55.07 and a 200 day moving average of $51.36.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. Comcast’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Equities analysts expect that Comcast Co. will post 2.54 EPS for the current year.

In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.14% of the stock is owned by company insiders.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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