Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 19.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,832 shares of the cable giant’s stock after acquiring an additional 1,782 shares during the period. Fortis Group Advisors LLC’s holdings in Comcast were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. increased its holdings in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares in the last quarter. Saxon Interests Inc. increased its holdings in Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares in the last quarter. Finally, Verum Partners LLC increased its holdings in Comcast by 4.9% during the 2nd quarter. Verum Partners LLC now owns 5,663 shares of the cable giant’s stock worth $222,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded up $1.34 during mid-day trading on Tuesday, hitting $41.87. The stock had a trading volume of 5,751,074 shares, compared to its average volume of 19,506,193. The firm has a market cap of $164.28 billion, a P/E ratio of 10.72, a PEG ratio of 1.10 and a beta of 1.01. The business has a fifty day moving average price of $40.34 and a 200-day moving average price of $39.43. 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 52 week low of $36.43 and a 52 week high of $47.11.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Scotiabank increased their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. Evercore ISI decreased their price objective on 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 objective on shares of Comcast in a report on Wednesday, July 24th. Finally, Barclays decreased their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus target price of $45.58.

About Comcast

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.