Union Bancaire Privee UBP SA Makes New $859,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Union Bancaire Privee UBP SA purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,028 shares of the cable giant’s stock, valued at approximately $859,000.

Several other hedge funds have also bought and sold shares of the stock. Apexium Financial LP lifted its stake in Comcast by 47.2% in the 4th quarter. Apexium Financial LP now owns 13,627 shares of the cable giant’s stock worth $511,000 after purchasing an additional 4,371 shares in the last quarter. Capital Asset Advisory Services LLC lifted its stake in Comcast by 2.0% in the 4th quarter. Capital Asset Advisory Services LLC now owns 70,688 shares of the cable giant’s stock worth $2,663,000 after purchasing an additional 1,366 shares in the last quarter. Blue Trust Inc. lifted its stake in Comcast by 12.7% in the 4th quarter. Blue Trust Inc. now owns 51,705 shares of the cable giant’s stock worth $1,940,000 after purchasing an additional 5,814 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Comcast by 14.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 71,939 shares of the cable giant’s stock worth $2,700,000 after purchasing an additional 9,136 shares in the last quarter. Finally, Stablepoint Partners LLC raised its position in shares of Comcast by 9.5% during the 4th quarter. Stablepoint Partners LLC now owns 39,486 shares of the cable giant’s stock valued at $1,482,000 after buying an additional 3,441 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $37.55 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $143.69 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.35 and a beta of 1.01. The company’s 50-day simple moving average is $39.21 and its two-hundred day simple moving average is $40.18. Comcast Co. has a one year low of $36.15 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMCSA. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

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.