Forte Capital LLC ADV Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Forte Capital LLC ADV increased its stake in Comcast Co. (NASDAQ:CMCSA) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,934 shares of the cable giant’s stock after buying an additional 2,759 shares during the period. Forte Capital LLC ADV’s holdings in Comcast were worth $436,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in Comcast by 94.1% during the 3rd 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 period. Leith Wheeler Investment Counsel Ltd. increased its position 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 valued at $28,000 after purchasing an additional 475,675 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in Comcast during the 4th quarter valued at about $34,000. Lipe & Dalton purchased a new position in Comcast during the 4th quarter valued at about $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in Comcast during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Scotiabank lowered their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.33 during trading on Friday, hitting $38.69. 22,278,723 shares of the stock traded hands, compared to its average volume of 22,677,254. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a fifty day moving average price of $41.26 and a two-hundred day moving average price of $42.38. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results 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 firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. As a group, equities analysts predict that Comcast Co. will post 4.21 EPS for the current year.

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.