Comcast Co. (NASDAQ:CMCSA) Stock Holdings Boosted by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 476.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,287 shares of the cable giant’s stock after acquiring an additional 35,777 shares during the period. Conservest Capital Advisors Inc.’s holdings in Comcast were worth $1,898,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Comcast by 39.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after buying an additional 2,861,358 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Comcast by 43.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock valued at $279,843,000 after acquiring an additional 1,907,973 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Comcast by 422.9% in the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after acquiring an additional 1,357,756 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Comcast by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after acquiring an additional 1,229,374 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Comcast by 35.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock valued at $207,931,000 after acquiring an additional 1,227,469 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock traded up $0.70 during midday trading on Friday, hitting $38.57. The stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. The firm has a market capitalization of $153.19 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.94 and a beta of 0.98. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock has a 50-day simple moving average of $41.58 and a 200 day simple moving average of $42.56. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.10% and a net margin of 12.64%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CMCSA shares. Scotiabank reduced 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. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.45.

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.