Archford Capital Strategies LLC Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Archford Capital Strategies LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,557 shares of the cable giant’s stock after purchasing an additional 1,235 shares during the quarter. Archford Capital Strategies LLC’s holdings in Comcast were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC raised its position in shares of Comcast by 9.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 39,026 shares of the cable giant’s stock worth $1,465,000 after acquiring an additional 3,312 shares during the period. Vantage Wealth raised its position in shares of Comcast by 0.7% during the 4th quarter. Vantage Wealth now owns 427,675 shares of the cable giant’s stock worth $16,051,000 after purchasing an additional 3,165 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Comcast by 56.3% during the 4th quarter. Toth Financial Advisory Corp now owns 3,330 shares of the cable giant’s stock worth $125,000 after purchasing an additional 1,200 shares during the last quarter. Monte Financial Group LLC raised its position in shares of Comcast by 0.3% during the 4th quarter. Monte Financial Group LLC now owns 208,183 shares of the cable giant’s stock worth $7,813,000 after purchasing an additional 694 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Comcast by 5.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 129,577 shares of the cable giant’s stock worth $4,863,000 after purchasing an additional 6,241 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.4 %

CMCSA stock opened at $37.62 on Friday. The company has a market cap of $143.95 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The company’s 50-day moving average price is $39.31 and its 200 day moving average price is $40.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CMCSA shares. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.