Millington Financial Advisors LLC Purchases Shares of 25,201 Comcast Co. (NASDAQ:CMCSA)

Millington Financial Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, Holdings Channel reports. The fund acquired 25,201 shares of the cable giant’s stock, valued at approximately $1,105,000.

Several other institutional investors also recently modified their holdings of CMCSA. Everett Harris & Co. CA lifted its stake in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its stake in Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Altus Wealth Group LLC grew its position in Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after acquiring an additional 1,432 shares during the last quarter. PFG Advisors raised its stake in shares of Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Comcast in the 3rd quarter worth approximately $8,868,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.5 %

CMCSA traded down $0.21 on Tuesday, hitting $40.36. The company had a trading volume of 15,322,636 shares, compared to its average volume of 20,645,980. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The stock has a fifty day simple moving average of $41.75 and a 200-day simple moving average of $42.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $160.30 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, equities analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMCSA. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Wells Fargo & Company dropped their target price 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 reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Finally, BNP Paribas reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.18% of the company’s stock.

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.