Western Wealth Management LLC Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

Western Wealth Management LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,119 shares of the cable giant’s stock after buying an additional 885 shares during the period. Western Wealth Management LLC’s holdings in Comcast were worth $2,066,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Everett Harris & Co. CA increased its holdings in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. lifted its holdings in shares of Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after buying an additional 1,486 shares during the period. Altus Wealth Group LLC lifted its holdings in shares of Comcast by 8.3% in the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares during the period. PFG Advisors lifted its holdings in shares of Comcast by 28.8% in the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after buying an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Comcast in the 3rd quarter valued at about $8,868,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Rosenblatt Securities raised their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Citigroup increased their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.74.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.18% of the stock is owned by company insiders.

Comcast Trading Up 0.7 %

Shares of CMCSA stock traded up $0.29 during trading hours on Friday, hitting $39.91. 3,865,083 shares of the company were exchanged, compared to its average volume of 20,382,715. The firm has a fifty day moving average of $41.86 and a 200 day moving average of $42.74. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $158.52 billion, a PE ratio of 10.67, a PEG ratio of 0.95 and a beta of 0.98.

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

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.