Wealthspire Advisors LLC Purchases 2,781 Shares of Comcast Co. (NASDAQ:CMCSA)

Wealthspire Advisors LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,650 shares of the cable giant’s stock after buying an additional 2,781 shares during the period. Wealthspire Advisors LLC’s holdings in Comcast were worth $2,659,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Scotiabank lowered their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 10th. 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Trading Up 1.5 %

Comcast stock traded up $0.56 during trading hours on Wednesday, hitting $39.05. The stock had a trading volume of 21,618,699 shares, compared to its average volume of 21,088,303. The stock has a market cap of $153.22 billion, a price-to-earnings ratio of 10.33, a P/E/G 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. The business’s 50 day simple moving average is $41.11 and its 200-day simple moving average is $42.29. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during 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%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal 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.