Secure Asset Management LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Secure Asset Management LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,564 shares of the cable giant’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the third quarter worth $30,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CMCSA. Macquarie restated a “neutral” rating and set a $42.00 price target on shares of Comcast in a report on Monday, January 6th. Pivotal Research raised their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Wells Fargo & Company lowered their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Up 0.4 %

CMCSA opened at $37.62 on Friday. The firm has a market cap of $143.95 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $39.31 and its 200-day simple moving average is $40.14. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share. Equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.