Tennessee Valley Asset Management Partners Buys New Position in Comcast Co. (NASDAQ:CMCSA)

Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 776 shares of the cable giant’s stock, valued at approximately $34,000.

Other hedge funds have also modified their holdings of the company. 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. First Personal Financial Services purchased a new stake in Comcast in the 3rd quarter worth about $39,000. Valued Wealth Advisors LLC purchased a new stake in Comcast in the 4th quarter worth about $44,000. Legacy Bridge LLC lifted its stake in Comcast by 358.7% in the 4th quarter. Legacy Bridge LLC now owns 1,055 shares of the cable giant’s stock worth $46,000 after acquiring an additional 825 shares in the last quarter. Finally, TFC Financial Management Inc. lifted its stake in Comcast by 114.4% in the 3rd quarter. TFC Financial Management Inc. now owns 1,132 shares of the cable giant’s stock worth $50,000 after acquiring an additional 604 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note 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. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.74.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $40.36 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The business’s 50 day moving average is $41.75 and its two-hundred day moving average is $42.66. The company has a market cap of $160.30 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.98 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46.

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

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.18% of the company’s stock.

Comcast 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.