Comcast Co. (NASDAQ:CMCSA) Shares Bought by Center For Asset Management LLC

Center For Asset Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,026 shares of the cable giant’s stock after purchasing an additional 414 shares during the quarter. Center For Asset Management LLC’s holdings in Comcast were worth $752,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter worth about $30,000. Iron Horse Wealth Management LLC boosted its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC boosted its position in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CMCSA shares. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company dropped their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Up 0.4 %

CMCSA stock opened at $37.62 on Monday. The stock has a market capitalization of $143.95 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a 50-day moving average of $39.31 and a two-hundred day moving average of $40.18. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current 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.