Patrick M Sweeney & Associates Inc. Takes Position in Comcast Co. (NASDAQ:CMCSA)

Patrick M Sweeney & Associates Inc. bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,048 shares of the cable giant’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast during the 4th quarter valued at $34,000. Lipe & Dalton bought a new position in Comcast during the fourth quarter worth $37,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Comcast in the fourth quarter worth $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMCSA. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Finally, Oppenheimer reissued an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Price Performance

Shares of CMCSA stock remained flat at $38.49 during trading on Tuesday. 30,572,214 shares of the company traded hands, compared to its average volume of 21,058,799. The business’s 50 day simple moving average is $41.11 and its 200-day simple moving average is $42.29. The firm has a market cap of $151.02 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. 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 Co. has a one year low of $36.43 and a one year high of $47.46.

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