Kovack Advisors Inc. Has $1.81 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Kovack Advisors Inc. raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,340 shares of the cable giant’s stock after buying an additional 6,364 shares during the quarter. Kovack Advisors Inc.’s holdings in Comcast were worth $1,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. K.J. Harrison & Partners Inc bought a new stake in Comcast in the 4th quarter valued at $2,255,000. Abbrea Capital LLC grew its holdings in shares of Comcast by 2.2% in the 4th quarter. Abbrea Capital LLC now owns 41,467 shares of the cable giant’s stock worth $1,818,000 after purchasing an additional 910 shares during the last quarter. Syon Capital LLC grew its holdings in shares of Comcast by 8.0% in the 4th quarter. Syon Capital LLC now owns 35,593 shares of the cable giant’s stock worth $1,561,000 after purchasing an additional 2,631 shares during the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of Comcast in the 4th quarter worth about $76,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Comcast by 3.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 88,782 shares of the cable giant’s stock worth $3,893,000 after purchasing an additional 2,604 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $49.45.

Comcast Stock Performance

Shares of CMCSA traded up $0.70 during midday trading on Friday, reaching $38.57. 29,783,241 shares of the stock were exchanged, compared to its average volume of 21,514,964. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $153.19 billion, a P/E ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The stock’s 50 day simple moving average is $41.58 and its 200 day simple moving average is $42.57.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 1.18% of the stock is owned by insiders.

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.