Vantage Wealth lifted its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,675 shares of the cable giant’s stock after purchasing an additional 3,165 shares during the period. Comcast comprises about 3.5% of Vantage Wealth’s portfolio, making the stock its 22nd biggest holding. Vantage Wealth’s holdings in Comcast were worth $16,051,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% in 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. increased its holdings in Comcast by 365.4% in 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 in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth $30,000. Iron Horse Wealth Management LLC grew its holdings in shares of Comcast by 220.3% during the third 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 in the last quarter. Finally, Dunhill Financial LLC grew its holdings in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Comcast Trading Up 0.4 %
NASDAQ CMCSA opened at $37.62 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm has a 50 day simple moving average of $39.31 and a 200-day simple moving average of $40.14. 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.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Macquarie restated a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.
Get Our Latest Research Report on CMCSA
Insiders Place Their Bets
In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.
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.
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