Avior Wealth Management LLC Purchases 2,329 Shares of Comcast Co. (NASDAQ:CMCSA)

Avior Wealth Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,640 shares of the cable giant’s stock after acquiring an additional 2,329 shares during the period. Avior Wealth Management LLC’s holdings in Comcast were worth $589,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. NewSquare Capital LLC increased its holdings in Comcast by 94.1% in 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 last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake 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 purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Comcast in the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $34,000. Finally, Lipe & Dalton purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $37,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMCSA shares. BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Wells Fargo & Company decreased their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.6 %

Shares of NASDAQ:CMCSA opened at $39.62 on Friday. The stock has a market capitalization of $157.37 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The stock’s 50-day moving average price is $41.86 and its 200-day moving average price is $42.74. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, equities analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

About Comcast

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.