Disciplined Equity Management Inc. Makes New $76,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Disciplined Equity Management Inc. purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,728 shares of the cable giant’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Wedge Capital Management L L P NC increased its holdings in shares of Comcast by 8.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock worth $386,000 after buying an additional 642 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in Comcast by 38.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,142 shares of the cable giant’s stock valued at $184,000 after purchasing an additional 1,150 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in Comcast by 3.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 12,770 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 464 shares during the last quarter. Finally, KFG Wealth Management LLC acquired a new stake in Comcast in the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA traded down $0.15 on Wednesday, reaching $40.21. The company had a trading volume of 19,571,827 shares, compared to its average volume of 20,632,486. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The stock has a market capitalization of $159.71 billion, a PE ratio of 10.81, a P/E/G ratio of 0.99 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $41.72 and a 200-day moving average price of $42.64.

Comcast (NASDAQ:CMCSA) last issued its quarterly 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. As a group, research analysts forecast that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Wells Fargo & Company dropped their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Oppenheimer restated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Ten 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on 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 through this link. Company insiders own 1.18% of the company’s stock.

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.