GUNN & Co INVESTMENT MANAGEMENT INC. Has $31.21 Million Stake in Comcast Co. (NASDAQ:CMCSA)

GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1,496.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 711,803 shares of the cable giant’s stock after purchasing an additional 667,213 shares during the period. Comcast makes up about 2.1% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 27th biggest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Comcast were worth $31,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Legend Financial Advisors Inc. grew its holdings in Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the last quarter. Keystone Financial Services grew its stake in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Forum Financial Management LP increased its holdings in Comcast by 0.4% during the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock valued at $2,545,000 after purchasing an additional 247 shares during the period. New England Capital Financial Advisors LLC raised its position in Comcast by 15.0% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,921 shares of the cable giant’s stock valued at $85,000 after purchasing an additional 250 shares during the last quarter. Finally, Aveo Capital Partners LLC lifted its holdings in Comcast by 1.7% in the 3rd quarter. Aveo Capital Partners LLC now owns 14,731 shares of the cable giant’s stock worth $653,000 after buying an additional 250 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Up 0.9 %

Shares of NASDAQ:CMCSA opened at $38.69 on Friday. The stock has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $42.38. The stock has a market capitalization of $153.67 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.96 and a beta of 0.99. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Company 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.