Tandem Capital Management Corp ADV Acquires 22,615 Shares of Comcast Co. (NASDAQ:CMCSA)

Tandem Capital Management Corp ADV increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 79.7% during the third quarter, HoldingsChannel reports. The firm owned 50,999 shares of the cable giant’s stock after buying an additional 22,615 shares during the period. Comcast comprises 1.2% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 29th biggest holding. Tandem Capital Management Corp ADV’s holdings in Comcast were worth $2,211,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wealthcare Advisory Partners LLC boosted its stake in shares of Comcast by 8.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 50,406 shares of the cable giant’s stock worth $2,185,000 after buying an additional 4,059 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Comcast by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 808,607 shares of the cable giant’s stock worth $35,053,000 after purchasing an additional 5,824 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Comcast by 34.7% during the 1st quarter. Indiana Trust & Investment Management CO now owns 2,149 shares of the cable giant’s stock valued at $93,000 after purchasing an additional 554 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Comcast during the 1st quarter valued at about $98,000. Finally, Kathmere Capital Management LLC lifted its stake in shares of Comcast by 31.6% in the 1st quarter. Kathmere Capital Management LLC now owns 11,164 shares of the cable giant’s stock worth $484,000 after purchasing an additional 2,683 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA stock traded up $0.35 during mid-day trading on Friday, hitting $42.00. The company had a trading volume of 1,567,907 shares, compared to its average volume of 19,452,412. 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 stock’s 50 day moving average price is $40.44 and its 200-day moving average price is $39.45. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market capitalization of $164.79 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its quarterly 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 return on equity of 20.17% and a net margin of 12.46%. The company had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMCSA shares. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Evercore ISI reduced their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Scotiabank lifted their price objective on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.