Victory Capital Management Inc. Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Victory Capital Management Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 6,040,145 shares of the cable giant’s stock after selling 683,591 shares during the period. Victory Capital Management Inc.’s holdings in Comcast were worth $264,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Northern Trust Corp grew its stake in Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Comcast by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after purchasing an additional 1,229,374 shares during the last quarter. LSV Asset Management grew its position in shares of Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock valued at $670,359,000 after purchasing an additional 685,400 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after buying an additional 581,163 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

Shares of NASDAQ:CMCSA traded up $0.08 on Wednesday, hitting $38.19. 7,754,770 shares of the company’s stock were exchanged, compared to its average volume of 20,711,092. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The business’s 50 day simple moving average is $41.47 and its two-hundred day simple moving average is $42.47. The stock has a market capitalization of $151.69 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. BNP Paribas reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Finally, Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Company 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.