2,820 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by EdgeRock Capital LLC

EdgeRock Capital LLC bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,820 shares of the cable giant’s stock, valued at approximately $127,000.

A number of other institutional investors have also made changes to their positions in CMCSA. Greenwich Wealth Management LLC lifted its stake in shares of Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after acquiring an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in shares of Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its stake in shares of Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services lifted its stake in shares of Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of Comcast by 0.4% in the 3rd quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock valued at $2,545,000 after acquiring an additional 247 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Ten equities 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.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Price Performance

CMCSA stock remained flat at $38.49 on Tuesday. The company had a trading volume of 30,572,214 shares, compared to its average volume of 21,058,799. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a market cap of $151.02 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.97 and a beta of 0.99. The firm’s 50 day simple moving average is $41.11 and its two-hundred day simple moving average is $42.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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

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.