Comcast Co. (NASDAQ:CMCSA) Shares Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 282,720 shares of the cable giant’s stock after acquiring an additional 47,652 shares during the quarter. Comcast accounts for approximately 1.6% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 15th largest position. FourThought Financial Partners LLC’s holdings in Comcast were worth $12,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. NewSquare Capital LLC lifted its holdings in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% in the fourth 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 purchased a new position in shares of Comcast in the fourth quarter worth approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast during the fourth quarter valued at approximately $37,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $44,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.33 during trading on Friday, reaching $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The company has a market capitalization of $153.67 billion, a PE ratio of 10.24, a PEG ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $41.26 and its two-hundred day simple moving average is $42.38. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

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, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent analyst reports. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.