Signaturefd LLC Purchases 1,613 Shares of Comcast Co. (NASDAQ:CMCSA)

Signaturefd LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,201 shares of the cable giant’s stock after acquiring an additional 1,613 shares during the period. Signaturefd LLC’s holdings in Comcast were worth $2,891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast in the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC increased its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA traded up $1.06 during trading hours on Tuesday, hitting $41.59. The stock had a trading volume of 9,071,222 shares, compared to its average volume of 19,522,469. The stock has a market cap of $163.18 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The company’s fifty day simple moving average is $40.34 and its 200 day simple moving average is $39.43.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMCSA shares. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank raised their price target on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. Pivotal Research dropped their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Barclays reduced their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $45.58.

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.