Wealthspire Advisors LLC Buys 2,781 Shares of Comcast Co. (NASDAQ:CMCSA)

Wealthspire Advisors LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,650 shares of the cable giant’s stock after buying an additional 2,781 shares during the period. Wealthspire Advisors LLC’s holdings in Comcast were worth $2,659,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC raised its position in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast in the fourth quarter worth $34,000. Lipe & Dalton bought a new position in Comcast in the fourth quarter worth $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast during the fourth quarter valued at $44,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Stock Performance

Shares of CMCSA traded up $0.56 during mid-day trading on Wednesday, hitting $39.05. 21,618,699 shares of the company traded hands, compared to its average volume of 21,088,303. The stock has a market cap of $153.22 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.97 and a beta of 0.99. The stock has a 50-day moving average price of $41.11 and a two-hundred day moving average price of $42.29. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

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.