Werba Rubin Papier Wealth Management Purchases 794 Shares of Comcast Co. (NASDAQ:CMCSA)

Werba Rubin Papier Wealth Management raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,495 shares of the cable giant’s stock after purchasing an additional 794 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Comcast were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMCSA. Capital Investment Advisors LLC lifted its stake in Comcast by 4.5% in the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares during the period. First Hawaiian Bank boosted its stake in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. BNP Paribas acquired a new position in Comcast during the first quarter valued at approximately $4,117,000. Douglas Lane & Associates LLC increased its stake in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares in the last quarter. Finally, American National Bank & Trust Co. VA acquired a new stake in Comcast in the first quarter worth $426,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $41.93 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The stock has a market capitalization of $164.52 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day moving average of $40.30 and a 200-day moving average of $39.45.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Pivotal Research dropped their price target on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Barclays dropped their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.58.

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.