Comcast Corporation $CMCSA Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 63.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,175 shares of the cable giant’s stock after acquiring an additional 19,812 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Comcast were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CMCSA. Imprint Wealth LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $28,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the fourth quarter worth approximately $29,000. Richardson Financial Services Inc. boosted its stake in shares of Comcast by 212.6% in the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Comcast in the fourth quarter worth approximately $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of Comcast stock opened at $27.17 on Friday. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The business’s fifty day simple moving average is $29.39 and its 200-day simple moving average is $29.00. The firm has a market cap of $97.04 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 2.19 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. Equities analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. BNP Paribas Exane reduced their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. Citigroup lifted their price objective on Comcast from $33.00 to $35.50 and gave the stock a “buy” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Finally, TD Cowen reduced their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.94.

Insider Activity

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.