Hengehold Capital Management LLC Purchases 631 Shares of Comcast Co. (NASDAQ:CMCSA)

Hengehold Capital Management LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 76,597 shares of the cable giant’s stock after purchasing an additional 631 shares during the period. Hengehold Capital Management LLC’s holdings in Comcast were worth $2,875,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred 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 owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on CMCSA. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Macquarie reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Performance

NASDAQ CMCSA opened at $37.47 on Friday. The firm has a 50-day moving average price of $39.54 and a two-hundred day moving average price of $40.16. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a market capitalization 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 quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

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

Comcast 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.