Element Wealth LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Element Wealth LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,562 shares of the cable giant’s stock after buying an additional 588 shares during the quarter. Element Wealth LLC’s holdings in Comcast were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CMCSA. NewSquare Capital LLC lifted its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its holdings in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton purchased a new stake in Comcast during the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services purchased a new stake in Comcast during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Comcast stock traded down $0.21 during trading hours on Tuesday, hitting $40.36. The stock had a trading volume of 15,129,007 shares, compared to its average volume of 20,643,615. The company has a 50-day moving average of $41.78 and a two-hundred day moving average of $42.68. 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 company has a market cap of $160.30 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (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 analysts’ expectations of $30.41 billion. On average, equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Wells Fargo & Company reduced 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. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $49.74.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.18% of the company’s stock.

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.