Comcast Co. (NASDAQ:CMCSA) Shares Bought by Zhang Financial LLC

Zhang Financial LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 150.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,418 shares of the cable giant’s stock after purchasing an additional 14,673 shares during the period. Zhang Financial LLC’s holdings in Comcast were worth $1,071,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its position in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in Comcast in the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the fourth quarter worth about $34,000. Finally, Lipe & Dalton bought a new stake in Comcast in the fourth quarter worth about $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Comcast Trading Up 1.6 %

Shares of NASDAQ CMCSA opened at $40.24 on Friday. The stock has a market cap of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.97 and a beta of 0.98. The business has a 50 day simple moving average of $41.82 and a 200 day simple moving average of $42.71. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CMCSA. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Citigroup lifted their price target on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. BNP Paribas reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.