Apeiron RIA LLC Invests $637,000 in Comcast Co. (NASDAQ:CMCSA)

Apeiron RIA LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 16,972 shares of the cable giant’s stock, valued at approximately $637,000.

Several other hedge funds also recently bought and sold shares of the company. Fred Alger Management LLC grew its stake in Comcast by 5.6% during the second quarter. Fred Alger Management LLC now owns 129,580 shares of the cable giant’s stock valued at $5,074,000 after acquiring an additional 6,818 shares in the last quarter. AlTi Global Inc. boosted its holdings in shares of Comcast by 7.6% during the 2nd quarter. AlTi Global Inc. now owns 49,795 shares of the cable giant’s stock valued at $1,950,000 after purchasing an additional 3,500 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new stake in shares of Comcast in the second quarter worth about $5,184,000. Finally, DoubleLine ETF Adviser LP boosted its stake in Comcast by 5.2% during the second quarter. DoubleLine ETF Adviser LP now owns 95,688 shares of the cable giant’s stock valued at $3,747,000 after buying an additional 4,687 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMCSA shares. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. 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. Finally, Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Activity at Comcast

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

Comcast Trading Up 1.0 %

NASDAQ:CMCSA opened at $37.47 on Friday. The firm has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $40.16. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm has a market cap of $143.38 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

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.