2,820 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by EdgeRock Capital LLC

EdgeRock Capital LLC acquired 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 SEC. The firm acquired 2,820 shares of the cable giant’s stock, valued at approximately $127,000.

A number of other hedge funds have also recently made changes to their positions in CMCSA. Gryphon Financial Partners LLC lifted its holdings in Comcast by 71.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 50,539 shares of the cable giant’s stock worth $2,451,000 after buying an additional 21,112 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Comcast by 3.1% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 8,815 shares of the cable giant’s stock valued at $387,000 after purchasing an additional 268 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at $5,481,000. Patrick M Sweeney & Associates Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at $221,000. Finally, Simmons Bank raised its holdings in shares of Comcast by 48.9% in the 4th quarter. Simmons Bank now owns 63,112 shares of the cable giant’s stock valued at $2,767,000 after purchasing an additional 20,739 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Citigroup cut their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Price Performance

CMCSA remained flat at $38.49 during midday trading on Tuesday. 30,572,214 shares of the company’s stock were exchanged, compared to its average volume of 21,058,799. The company’s fifty day moving average price is $41.11 and its 200-day moving average price is $42.29. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $151.02 billion, a PE ratio of 10.18, a PEG ratio of 0.97 and a beta of 0.99. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. As a group, analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.