Element Wealth LLC Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Element Wealth LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,760 shares of the cable giant’s stock after buying an additional 591 shares during the period. Element Wealth LLC’s holdings in Comcast were worth $366,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Finally, Archer Investment Corp grew its position in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $41.65 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The business’s 50-day moving average price is $40.44 and its two-hundred day moving average price is $39.45. The company has a market capitalization of $163.42 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the business posted $1.13 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Scotiabank increased their target price on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, Evercore ISI reduced their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Comcast currently has an average rating of “Hold” and a consensus price target of $45.58.

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.