Convergence Investment Partners LLC Purchases 4,018 Shares of Comcast Corporation $CMCSA

Convergence Investment Partners LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,265 shares of the cable giant’s stock after purchasing an additional 4,018 shares during the quarter. Convergence Investment Partners LLC’s holdings in Comcast were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CMCSA. Cranbrook Wealth Management LLC boosted its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares in the last quarter. Global Trust Asset Management LLC raised its stake in Comcast by 906.8% during the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the last quarter. Abound Financial LLC purchased a new position in Comcast during the first quarter valued at $29,000. Ransom Advisory Ltd purchased a new position in Comcast during the first quarter valued at $29,000. Finally, Princeton Global Asset Management LLC raised its stake in Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.1%

Comcast stock opened at $29.28 on Monday. The stock has a market cap of $108.11 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The stock has a fifty day moving average of $31.92 and a 200 day moving average of $33.52.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CMCSA. Royal Bank Of Canada began coverage on Comcast in a research note on Monday, September 8th. They set a “sector perform” rating and a $38.00 price objective for the company. Barclays decreased their price target on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Sanford C. Bernstein decreased their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. Scotiabank restated a “sector perform” rating and issued a $45.50 price target (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. Finally, Citigroup restated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Company 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.