Woodline Partners LP Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Woodline Partners LP increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 905,314 shares of the cable giant’s stock after purchasing an additional 189,759 shares during the period. Woodline Partners LP’s holdings in Comcast were worth $33,976,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new position in shares of Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC purchased a new position in Comcast in the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter worth approximately $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $36,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. 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 report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Trading Up 0.4%

Shares of Comcast stock opened at $35.59 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $132.88 billion, a P/E ratio of 8.58, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The company’s fifty day moving average is $34.90 and its two-hundred day moving average is $37.18.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share. Analysts forecast that Comcast Co. will post 4.33 earnings per share for the current 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.