4,624 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel reports. The firm bought 4,624 shares of the cable giant’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. NewSquare Capital LLC increased its position in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in shares of Comcast during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast during the 4th quarter valued at $34,000. Finally, Lipe & Dalton purchased a new stake in shares of Comcast during the 4th quarter valued at $37,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Up 0.8 %

Comcast stock traded up $0.30 during trading hours on Friday, reaching $39.92. The company had a trading volume of 4,779,626 shares, compared to its average volume of 20,403,186. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The firm has a market cap of $158.56 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a 50-day moving average price of $41.86 and a 200 day moving average price of $42.74.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities lifted their price objective on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.74.

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.