AlTi Global Inc. Buys 4,204 Shares of Comcast Corporation $CMCSA

AlTi Global Inc. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,770 shares of the cable giant’s stock after buying an additional 4,204 shares during the quarter. AlTi Global Inc.’s holdings in Comcast were worth $1,100,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC lifted its position in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after buying an additional 671 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd purchased a new stake in Comcast in the first quarter worth $29,000. Abound Financial LLC purchased a new stake in Comcast in the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group set a $43.00 target price on Comcast in a research note on Friday, October 3rd. Loop Capital reduced their target price on Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. KeyCorp reduced their target price on Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada assumed coverage on Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price on the stock. One investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.76.

Comcast Stock Down 0.1%

Shares of CMCSA stock opened at $29.28 on Friday. The stock has a 50 day moving average of $31.92 and a 200 day moving average of $33.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $108.11 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share 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 expect that Comcast Corporation will post 4.33 EPS for the current year.

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.