Concord Wealth Partners Has $1.45 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Concord Wealth Partners boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,983 shares of the cable giant’s stock after purchasing an additional 5,351 shares during the quarter. Concord Wealth Partners’ holdings in Comcast were worth $1,446,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Comcast during the fourth quarter worth about $34,000. Lipe & Dalton purchased a new position in Comcast during the fourth quarter worth about $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast during the fourth quarter worth about $44,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.2 %

Shares of Comcast stock traded up $0.47 during trading on Wednesday, reaching $38.58. The company’s stock had a trading volume of 12,122,169 shares, compared to its average volume of 20,755,807. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a market cap of $153.23 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.97 and a beta of 0.98. The firm’s 50-day moving average is $41.47 and its two-hundred day moving average is $42.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several analyst reports. BNP Paribas restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company lowered their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.60.

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.