Roof Eidam Maycock Peralta LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Roof Eidam Maycock Peralta LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,487 shares of the cable giant’s stock after purchasing an additional 1,200 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Comcast were worth $1,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Global Assets Advisory LLC acquired a new stake in shares of Comcast during the first quarter worth about $1,809,000. Strategic Planning Group LLC increased its position in shares of Comcast by 6.3% during the first quarter. Strategic Planning Group LLC now owns 5,693 shares of the cable giant’s stock worth $247,000 after purchasing an additional 338 shares in the last quarter. Austin Private Wealth LLC increased its position in shares of Comcast by 5.7% during the first quarter. Austin Private Wealth LLC now owns 7,784 shares of the cable giant’s stock worth $323,000 after purchasing an additional 421 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Comcast by 17.3% during the first quarter. Gilman Hill Asset Management LLC now owns 6,121 shares of the cable giant’s stock worth $265,000 after purchasing an additional 902 shares in the last quarter. Finally, Fermata Advisors LLC increased its position in shares of Comcast by 36.1% during the first quarter. Fermata Advisors LLC now owns 9,756 shares of the cable giant’s stock worth $423,000 after purchasing an additional 2,588 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $40.53 on Tuesday. The business’s 50 day simple moving average is $40.34 and its 200-day simple moving average is $39.43. The firm has a market capitalization of $159.02 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday. KeyCorp dropped their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Pivotal Research dropped their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.58.

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.