GAMMA Investing LLC Invests $1.18 Million in Comcast Co. (NASDAQ:CMCSA)

GAMMA Investing LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 25,431 shares of the cable giant’s stock, valued at approximately $1,184,000.

Several other large investors have also recently made changes to their positions in CMCSA. Wedge Capital Management L L P NC grew its stake in Comcast by 8.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the cable giant’s stock worth $386,000 after buying an additional 642 shares during the last quarter. Capital Investment Advisors LLC grew its stake in Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after buying an additional 238 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its stake in Comcast by 12.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 8,015 shares of the cable giant’s stock worth $355,000 after buying an additional 874 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in Comcast by 38.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 4,142 shares of the cable giant’s stock valued at $184,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Founders Financial Securities LLC grew its stake in Comcast by 3.6% during the 3rd quarter. Founders Financial Securities LLC now owns 47,359 shares of the cable giant’s stock valued at $2,100,000 after purchasing an additional 1,639 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of Comcast stock traded down $0.21 during mid-day trading on Tuesday, reaching $40.36. 15,322,636 shares of the stock traded hands, compared to its average volume of 20,645,980. The business has a 50-day moving average of $41.78 and a 200 day moving average of $42.68. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The stock has a market capitalization of $160.30 billion, a PE ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating 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, analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company dropped their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, BNP Paribas reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.74.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

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.