Comcast Corporation $CMCSA Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,104 shares of the cable giant’s stock after acquiring an additional 1,566 shares during the quarter. Hantz Financial Services Inc.’s holdings in Comcast were worth $12,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. QRG Capital Management Inc. lifted its stake in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock worth $25,867,000 after purchasing an additional 83,631 shares in the last quarter. Advisor OS LLC grew its stake in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. Aberdeen Group plc raised its holdings in shares of Comcast by 5.4% during the 2nd quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after buying an additional 147,231 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Comcast by 10.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock worth $47,254,000 after acquiring an additional 118,839 shares in the last quarter. Finally, Davidson Investment Advisors lifted its position in Comcast by 37.4% during the 2nd quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock worth $16,335,000 after acquiring an additional 124,484 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMCSA shares. Scotiabank reiterated a “sector perform” rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Citigroup reissued a “buy” rating on shares of Comcast in a research report on Tuesday, August 26th. Arete lowered their target price on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Sanford C. Bernstein cut their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $39.52.

Comcast Stock Down 2.6%

Shares of Comcast stock opened at $28.53 on Thursday. The business has a 50-day moving average price of $31.65 and a 200 day moving average price of $33.41. Comcast Corporation has a fifty-two week low of $28.46 and a fifty-two week high of $45.31. The firm has a market cap of $105.34 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.73 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. On average, sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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.