Hengehold Capital Management LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Hengehold Capital Management LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,966 shares of the cable giant’s stock after buying an additional 5,469 shares during the period. Hengehold Capital Management LLC’s holdings in Comcast were worth $3,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. FLC Capital Advisors lifted its holdings in Comcast by 4.8% during the third quarter. FLC Capital Advisors now owns 22,726 shares of the cable giant’s stock worth $949,000 after buying an additional 1,040 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of Comcast by 5.9% during the third quarter. Cornerstone Wealth Management LLC now owns 8,299 shares of the cable giant’s stock worth $347,000 after purchasing an additional 459 shares in the last quarter. Bfsg LLC increased its position in shares of Comcast by 18.5% during the third quarter. Bfsg LLC now owns 9,776 shares of the cable giant’s stock worth $408,000 after purchasing an additional 1,523 shares in the last quarter. SPC Financial Inc. increased its position in shares of Comcast by 3.2% during the third quarter. SPC Financial Inc. now owns 12,634 shares of the cable giant’s stock worth $528,000 after purchasing an additional 393 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its position in shares of Comcast by 3.8% during the third quarter. Wolff Wiese Magana LLC now owns 26,075 shares of the cable giant’s stock worth $1,089,000 after purchasing an additional 945 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $42.31 on Thursday. The business’s 50-day moving average is $40.18 and its two-hundred day moving average is $39.45. The company has a market capitalization of $166.01 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CMCSA shares. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI cut their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Barclays cut their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.55.

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.