Endeavor Private Wealth Inc. Acquires Shares of 2,839 Comcast Co. (NASDAQ:CMCSA)

Endeavor Private Wealth Inc. bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,839 shares of the cable giant’s stock, valued at approximately $107,000.

A number of other hedge funds have also modified their holdings of CMCSA. Wilmington Savings Fund Society FSB boosted its stake in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares during the last quarter. FMR LLC boosted its position in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the period. Public Sector Pension Investment Board increased its position in Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP raised its stake in Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after purchasing an additional 2,000,000 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

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

Comcast Stock Up 0.4 %

CMCSA opened at $37.11 on Thursday. The business’s fifty day simple moving average is $39.54 and its 200 day simple moving average is $40.16. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The firm has a market cap of $142.00 billion, a P/E ratio of 9.98, a PEG ratio of 1.35 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CMCSA shares. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average price target 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.