Iams Wealth Management LLC Acquires 2,693 Shares of Comcast Co. (NASDAQ:CMCSA)

Iams Wealth Management LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 47,515 shares of the cable giant’s stock after purchasing an additional 2,693 shares during the quarter. Iams Wealth Management LLC’s holdings in Comcast were worth $1,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC raised its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the 3rd quarter valued at $30,000. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the last quarter. 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 purchasing an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMCSA shares. TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company cut their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Barclays raised their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.4 %

NASDAQ CMCSA opened at $37.69 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The firm has a market capitalization of $144.21 billion, a PE ratio of 10.12, a P/E/G ratio of 1.35 and a beta of 1.01. The stock’s 50 day moving average is $39.12 and its 200 day moving average is $40.17.

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

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.