Finley Financial LLC Purchases Shares of 4,117 Comcast Co. (NASDAQ:CMCSA)

Finley Financial LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,117 shares of the cable giant’s stock, valued at approximately $150,000.

A number of other hedge funds have also recently modified their holdings of CMCSA. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter worth approximately $30,000. Iron Horse Wealth Management LLC boosted its position in 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 purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC boosted its position in 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 purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.1 %

Shares of Comcast stock opened at $36.97 on Wednesday. The firm has a market capitalization of $141.47 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day moving average of $39.67 and a 200 day moving average of $40.18.

Comcast (NASDAQ:CMCSA) last issued 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. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Transactions at Comcast

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 stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $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 available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CMCSA shares. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a report on Monday, December 16th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Macquarie reissued a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Finally, KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

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.