Islay Capital Management LLC Has $1.53 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Islay Capital Management LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.8% during the fourth quarter, Holdings Channel reports. The fund owned 34,781 shares of the cable giant’s stock after buying an additional 2,814 shares during the quarter. Comcast comprises 1.2% of Islay Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Islay Capital Management LLC’s holdings in Comcast were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewSquare Capital LLC increased its position in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast during the 4th quarter worth $34,000. Lipe & Dalton bought a new stake in shares of Comcast in the 4th quarter worth $37,000. Valued Wealth Advisors LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $44,000. Finally, Legacy Bridge LLC lifted its position in shares of Comcast by 358.7% during the fourth quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock valued at $46,000 after purchasing an additional 825 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CMCSA shares. Scotiabank decreased their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Price Performance

Shares of CMCSA stock traded down $0.74 during trading on Tuesday, hitting $38.11. The company had a trading volume of 7,618,356 shares, compared to its average volume of 20,716,723. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock has a market capitalization of $151.37 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average is $41.54 and its two-hundred day moving average is $42.51.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. As a group, analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal 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.