Genesee Capital Advisors LLC Makes New $201,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Genesee Capital Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,821 shares of the cable giant’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Steph & Co. raised its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. Finally, McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMCSA shares. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Evercore ISI decreased their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Scotiabank raised their price target on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a report on Friday. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Trading Down 2.7 %

Shares of NASDAQ:CMCSA traded down $1.12 on Monday, reaching $40.81. 6,454,424 shares of the company traded hands, compared to its average volume of 19,525,297. The stock has a market capitalization of $160.12 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $39.44. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the prior year, the company posted $1.13 EPS. Comcast’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

About Comcast

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.