SlateStone Wealth LLC Has $666,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

SlateStone Wealth LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,181 shares of the cable giant’s stock after buying an additional 452 shares during the quarter. SlateStone Wealth LLC’s holdings in Comcast were worth $666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wedge Capital Management L L P NC grew its position in shares of Comcast by 8.0% in the third quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 642 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its position in shares of Comcast by 12.2% in the third quarter. Onyx Bridge Wealth Group LLC now owns 8,015 shares of the cable giant’s stock valued at $355,000 after purchasing an additional 874 shares during the last quarter. Impact Partnership Wealth LLC grew its position in shares of Comcast by 38.4% in the third quarter. Impact Partnership Wealth LLC now owns 4,142 shares of the cable giant’s stock valued at $184,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Founders Financial Securities LLC grew its position in shares of Comcast by 3.6% in the third quarter. Founders Financial Securities LLC now owns 47,359 shares of the cable giant’s stock valued at $2,100,000 after purchasing an additional 1,639 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.06 during mid-day trading on Tuesday, hitting $40.63. 7,759,437 shares of the stock were exchanged, compared to its average volume of 20,545,732. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The company has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $42.68. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $161.38 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup increased their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.