Patrick M Sweeney & Associates Inc. Purchases Shares of 5,048 Comcast Co. (NASDAQ:CMCSA)

Patrick M Sweeney & Associates Inc. acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,048 shares of the cable giant’s stock, valued at approximately $221,000.

Other large investors have also recently made changes to their positions in the company. Simmons Bank lifted its position in shares of Comcast by 48.9% in the fourth quarter. Simmons Bank now owns 63,112 shares of the cable giant’s stock valued at $2,767,000 after acquiring an additional 20,739 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Comcast by 51.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,244 shares of the cable giant’s stock worth $1,107,000 after purchasing an additional 8,619 shares during the period. Apollon Wealth Management LLC grew its holdings in Comcast by 39.4% during the 4th quarter. Apollon Wealth Management LLC now owns 103,840 shares of the cable giant’s stock valued at $4,553,000 after buying an additional 29,359 shares in the last quarter. Lincoln National Corp raised its position in shares of Comcast by 2.8% during the fourth quarter. Lincoln National Corp now owns 59,992 shares of the cable giant’s stock valued at $2,631,000 after buying an additional 1,607 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Comcast by 5.3% in the fourth quarter. Private Advisor Group LLC now owns 348,616 shares of the cable giant’s stock worth $15,287,000 after buying an additional 17,517 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA remained flat at $38.49 during midday trading on Tuesday. The stock had a trading volume of 30,572,214 shares, compared to its average volume of 21,058,799. The business’s 50-day moving average price is $41.11 and its 200 day moving average price is $42.29. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $151.02 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. Wells Fargo & Company cut their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.