Comcast Co. (NASDAQ:CMCSA) Shares Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,341 shares of the cable giant’s stock after purchasing an additional 2,456 shares during the period. Legacy Financial Advisors Inc.’s holdings in Comcast were worth $1,988,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CMCSA. Sapient Capital LLC purchased a new stake in shares of Comcast during the fourth quarter worth $1,711,000. Axxcess Wealth Management LLC increased its position in shares of Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after acquiring an additional 10,936 shares during the period. LSV Asset Management increased its position in shares of Comcast by 3.8% during the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares during the period. Loudon Investment Management LLC increased its position in shares of Comcast by 2.1% during the fourth quarter. Loudon Investment Management LLC now owns 102,522 shares of the cable giant’s stock worth $4,546,000 after acquiring an additional 2,102 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Comcast by 44.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 98,631 shares of the cable giant’s stock worth $4,325,000 after acquiring an additional 30,251 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.9 %

Shares of NASDAQ:CMCSA traded up $0.33 during trading on Friday, reaching $38.69. The stock had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The business has a fifty day moving average price of $41.26 and a 200-day moving average price of $42.38. The stock has a market cap of $153.67 billion, a P/E ratio of 10.24, a PEG ratio of 0.97 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Scotiabank decreased their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.60.

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.