First Affirmative Financial Network Acquires 1,218 Shares of Comcast Co. (NASDAQ:CMCSA)

First Affirmative Financial Network raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,606 shares of the cable giant’s stock after buying an additional 1,218 shares during the quarter. First Affirmative Financial Network’s holdings in Comcast were worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. McClarren Financial Advisors Inc. lifted its holdings 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 worth $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the 3rd quarter worth about $30,000. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC raised its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $37.36 on Thursday. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a market capitalization of $142.96 billion, a PE ratio of 10.04, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $40.17.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on CMCSA shares. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Macquarie reiterated a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Barclays lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

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.