Waterway Wealth Management LLC Has $599,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Waterway Wealth Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 31.9% during the third quarter, Holdings Channel reports. The firm owned 14,339 shares of the cable giant’s stock after purchasing an additional 3,464 shares during the period. Waterway Wealth Management LLC’s holdings in Comcast were worth $599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter valued at $26,000. McClarren Financial Advisors Inc. increased its stake in shares of Comcast by 365.4% in 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 in the last quarter. IAG Wealth Partners LLC increased its stake in shares of 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 acquiring an additional 522 shares in the last quarter. Archer Investment Corp increased its stake in shares of Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in Comcast during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMCSA. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Pivotal Research decreased their price target on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Macquarie restated a “neutral” rating and set a $40.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.58.

Comcast Price Performance

NASDAQ CMCSA opened at $40.53 on Tuesday. The company has a market cap of $159.02 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $40.34 and its two-hundred day simple moving average is $39.43.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. Research analysts predict that Comcast Co. will post 4.23 earnings per share 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.