Consolidated Planning Corp Purchases 819 Shares of Comcast Co. (NASDAQ:CMCSA)

Consolidated Planning Corp raised its stake in Comcast Co. (NASDAQ:CMCSA) by 9.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,901 shares of the cable giant’s stock after acquiring an additional 819 shares during the period. Consolidated Planning Corp’s holdings in Comcast were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC lifted its holdings in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in shares of 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 buying an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the 4th quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, First Personal Financial Services acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $39,000. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.8 %

NASDAQ:CMCSA traded up $0.70 during trading hours on Friday, hitting $38.57. 29,783,241 shares of the company traded hands, compared to its average volume of 21,514,964. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $41.58 and its 200-day simple moving average is $42.56. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a market cap of $153.19 billion, a PE ratio of 10.20, a PEG ratio of 0.94 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. Equities analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI reissued an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup upped their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.45.

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.