Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 51.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,244 shares of the cable giant’s stock after buying an additional 8,619 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Comcast were worth $1,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Northern Trust Corp increased its stake in shares of Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the last quarter. LSV Asset Management grew its stake in Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after purchasing an additional 570,050 shares in the last quarter. Raymond James & Associates increased its holdings in Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after buying an additional 329,278 shares during the last quarter. California Public Employees Retirement System raised its stake in Comcast by 5.4% during the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock valued at $501,312,000 after buying an additional 581,163 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Comcast by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,879,580 shares of the cable giant’s stock worth $477,070,000 after acquiring an additional 231,297 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 3.3 %

Shares of CMCSA traded up $1.27 during trading hours on Wednesday, reaching $39.76. The stock had a trading volume of 9,370,734 shares, compared to its average volume of 20,933,297. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. 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 company has a market cap of $156.00 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.97 and a beta of 0.99. The firm has a 50-day moving average of $41.11 and a 200 day moving average of $42.29.

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 the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CMCSA shares. Citigroup decreased their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Wells Fargo & Company reduced their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Scotiabank dropped their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Finally, Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.