Donoghue Forlines LLC Purchases Shares of 39,792 Comcast Co. (NASDAQ:CMCSA)

Donoghue Forlines LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 39,792 shares of the cable giant’s stock, valued at approximately $1,493,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter worth approximately $30,000. Iron Horse Wealth Management LLC boosted its stake in shares of Comcast by 220.3% during 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 position 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.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s 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 approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CMCSA. Macquarie restated a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. One investment 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Performance

NASDAQ:CMCSA opened at $37.15 on Thursday. 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 fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a 50 day simple moving average of $39.54 and a two-hundred day simple moving average of $40.16. The company has a market capitalization of $142.14 billion, a PE ratio of 9.97, a P/E/G ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping 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 firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

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.