MJP Associates Inc. ADV Buys 13,282 Shares of Comcast Co. (NASDAQ:CMCSA)

MJP Associates Inc. ADV lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 265.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,279 shares of the cable giant’s stock after buying an additional 13,282 shares during the quarter. MJP Associates Inc. ADV’s holdings in Comcast were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Laurion Capital Management LP raised its position in shares of Comcast by 1.1% during the fourth quarter. Laurion Capital Management LP now owns 555,945 shares of the cable giant’s stock worth $20,865,000 after purchasing an additional 5,945 shares during the period. Investment Management Corp of Ontario lifted its holdings in Comcast by 87.4% during the 4th quarter. Investment Management Corp of Ontario now owns 261,852 shares of the cable giant’s stock worth $9,827,000 after purchasing an additional 122,100 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Comcast by 427.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 245,568 shares of the cable giant’s stock valued at $9,216,000 after acquiring an additional 199,038 shares in the last quarter. KKM Financial LLC raised its holdings in shares of Comcast by 0.9% during the 4th quarter. KKM Financial LLC now owns 50,649 shares of the cable giant’s stock valued at $1,901,000 after buying an additional 447 shares in the last quarter. Finally, Hudson Bay Capital Management LP grew its position in Comcast by 902.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 65,780 shares of the cable giant’s stock worth $2,469,000 after acquiring an additional 73,980 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Argus downgraded Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Sanford C. Bernstein set a $38.00 price target on Comcast in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Price Performance

Shares of CMCSA stock opened at $34.25 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a market capitalization of $127.88 billion, a PE ratio of 8.25, a PEG ratio of 1.78 and a beta of 0.97. The stock’s fifty day moving average is $35.01 and its 200-day moving average is $37.51.

Comcast (NASDAQ:CMCSA) last released 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. The company 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%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

About Comcast

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.