29,779 Shares in Comcast Corporation $CMCSA Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 29,779 shares of the cable giant’s stock, valued at approximately $892,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Voya Financial Advisors Inc. increased its stake in Comcast by 3.2% in the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the period. United Bank lifted its position in Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock worth $1,507,000 after buying an additional 4,290 shares in the last quarter. HUB Investment Partners LLC boosted its stake in shares of Comcast by 119.4% during the 2nd quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in shares of Comcast by 66.8% during the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Evercore boosted their target price on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley upped their target price on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein lowered their price target on Comcast from $34.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.94.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Comcast Stock Performance

CMCSA opened at $25.39 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $90.71 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $28.93. Comcast Corporation has a 52-week low of $25.35 and a 52-week high of $36.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The business had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same period last year, the business earned $1.09 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.