IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Comcast Co. (NASDAQ:CMCSA) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,600 shares of the cable giant’s stock after acquiring an additional 12,000 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Comcast were worth $4,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Steph & Co. raised its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after buying an additional 593 shares during the period. IAG Wealth Partners LLC increased its stake in shares of Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. Finally, Archer Investment Corp raised its holdings in Comcast by 177.1% in 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 in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.55.

Comcast Stock Up 0.3 %

CMCSA stock opened at $42.25 on Thursday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $165.77 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a fifty day moving average price of $40.18 and a 200 day moving average price of $39.45.

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

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.