DoubleLine ETF Adviser LP Cuts Stake in Comcast Co. (NASDAQ:CMCSA)

DoubleLine ETF Adviser LP lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,588 shares of the cable giant’s stock after selling 15,398 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Comcast were worth $3,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the fourth quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast during the 4th quarter valued at about $36,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein set a $38.00 price objective on shares of Comcast in a report on Friday, January 31st. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Trading Down 1.1 %

NASDAQ:CMCSA opened at $33.82 on Friday. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The business has a fifty day moving average price of $35.16 and a 200-day moving average price of $37.87. The firm has a market capitalization of $127.87 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

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