Comcast Co. (NASDAQ:CMCSA) Shares Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 282,720 shares of the cable giant’s stock after buying an additional 47,652 shares during the period. Comcast accounts for 1.6% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 15th largest position. FourThought Financial Partners LLC’s holdings in Comcast were worth $12,397,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CMCSA. TCG Advisory Services LLC purchased a new position in Comcast in the fourth quarter worth approximately $224,000. Forte Capital LLC ADV lifted its stake in shares of Comcast by 38.5% in the 4th quarter. Forte Capital LLC ADV now owns 9,934 shares of the cable giant’s stock valued at $436,000 after purchasing an additional 2,759 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Comcast by 5.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 47,281 shares of the cable giant’s stock worth $2,073,000 after purchasing an additional 2,343 shares during the period. First National Trust Co increased its position in shares of Comcast by 10.9% during the 4th quarter. First National Trust Co now owns 38,274 shares of the cable giant’s stock worth $1,678,000 after purchasing an additional 3,770 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in Comcast in the 4th quarter valued at about $157,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Citigroup reduced their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.33 on Friday, hitting $38.69. 22,278,723 shares of the company’s stock were exchanged, compared to its average volume of 22,677,254. The firm has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99. The firm’s 50-day moving average price is $41.26 and its two-hundred day moving average price is $42.38. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Comcast Co. will post 4.21 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.