Interchange Capital Partners LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Interchange Capital Partners LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 15.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,840 shares of the cable giant’s stock after acquiring an additional 1,188 shares during the quarter. Interchange Capital Partners LLC’s holdings in Comcast were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC lifted its position in Comcast by 274.7% during the 1st quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock worth $30,000 after acquiring an additional 412 shares during the period. Sterling Financial Planning Inc. purchased a new position in Comcast in the 4th quarter valued at $32,000. McCarthy Asset Management Inc. acquired a new position in Comcast in the 4th quarter valued at $34,000. ADE LLC purchased a new position in Comcast during the 4th quarter worth $37,000. Finally, Retirement Group LLC lifted its stake in shares of Comcast by 240.3% in the 1st quarter. Retirement Group LLC now owns 684 shares of the cable giant’s stock worth $37,000 after acquiring an additional 483 shares during the period. Institutional investors own 82.56% of the company’s stock.

CMCSA has been the subject of several recent analyst reports. Credit Suisse Group raised their price objective on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, March 24th. Morgan Stanley raised their price target on Comcast from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, March 10th. Cowen upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $60.00 in a research report on Wednesday, February 3rd. Benchmark raised their target price on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. Finally, Citigroup upped their price target on shares of Comcast from $59.00 to $62.00 in a report on Friday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $61.75.

In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total transaction of $39,173,949.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth J. Bacon sold 3,966 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $58.83, for a total value of $233,319.78. Following the transaction, the director now directly owns 33,611 shares in the company, valued at $1,977,335.13. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

Comcast stock opened at $55.46 on Tuesday. Comcast Co. has a 1 year low of $36.83 and a 1 year high of $59.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50 day moving average price of $55.44 and a 200 day moving average price of $52.28. The company has a market cap of $254.02 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.69 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.17. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 2.54 EPS for the current year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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