VeraBank N.A. Has $339,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

VeraBank N.A. grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,742 shares of the cable giant’s stock after purchasing an additional 275 shares during the quarter. VeraBank N.A.’s holdings in Comcast were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Greenwich Wealth Management LLC grew its stake in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares in the last quarter. Legend Financial Advisors Inc. boosted its position in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. boosted its position in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services lifted its holdings in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares during the period. Finally, Ironwood Financial llc lifted its holdings in shares of Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. BNP Paribas reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Citigroup decreased their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Trading Up 0.9 %

CMCSA traded up $0.33 during trading on Friday, reaching $38.69. 22,278,723 shares of the stock traded hands, compared to its average volume of 22,677,254. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $153.67 billion, a PE ratio of 10.24, a P/E/G ratio of 0.97 and a beta of 0.99. The stock’s 50-day moving average is $41.26 and its 200 day moving average is $42.38. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping 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 firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

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.