Comcast Co. (NASDAQ:CMCSA) Position Lifted by James Hambro & Partners

James Hambro & Partners raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 28.3% during the first quarter, HoldingsChannel reports. The fund owned 971,583 shares of the cable giant’s stock after acquiring an additional 214,545 shares during the quarter. Comcast comprises approximately 4.9% of James Hambro & Partners’ holdings, making the stock its 12th largest position. James Hambro & Partners’ holdings in Comcast were worth $52,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cordant Inc. increased its holdings in Comcast by 4.9% in the 1st quarter. Cordant Inc. now owns 4,017 shares of the cable giant’s stock valued at $217,000 after buying an additional 186 shares during the period. WNY Asset Management LLC raised its position in Comcast by 4.8% during the first quarter. WNY Asset Management LLC now owns 4,224 shares of the cable giant’s stock valued at $229,000 after purchasing an additional 194 shares in the last quarter. Rothschild Investment Corp IL lifted its stake in Comcast by 1.8% during the first quarter. Rothschild Investment Corp IL now owns 10,979 shares of the cable giant’s stock worth $594,000 after purchasing an additional 199 shares during the last quarter. Cypress Capital Group boosted its holdings in shares of Comcast by 0.7% in the 4th quarter. Cypress Capital Group now owns 28,306 shares of the cable giant’s stock valued at $1,484,000 after purchasing an additional 200 shares in the last quarter. Finally, Marathon Capital Management increased its stake in shares of Comcast by 3.2% in the 4th quarter. Marathon Capital Management now owns 6,390 shares of the cable giant’s stock valued at $334,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.14% of the stock is owned by corporate insiders.

Shares of NASDAQ CMCSA opened at $56.57 on Tuesday. The company’s 50 day moving average price is $55.07 and its 200-day moving average price is $51.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. Comcast Co. has a 52-week low of $34.17 and a 52-week high of $58.58. The company has a market capitalization of $259.13 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.17. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The business had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. During the same quarter last year, the firm earned $0.77 earnings per share. Comcast’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts forecast that Comcast Co. will post 2.54 earnings per share for the current year.

CMCSA has been the subject of several research analyst reports. Morgan Stanley boosted their target price on Comcast from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 10th. Raymond James increased their price objective on shares of Comcast from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Pivotal Research boosted their price objective on Comcast from $65.00 to $70.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus target price of $61.75.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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