Capital Asset Advisory Services LLC Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

Capital Asset Advisory Services LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,688 shares of the cable giant’s stock after acquiring an additional 1,366 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Comcast were worth $2,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Comcast by 12.7% in the fourth quarter. Blue Trust Inc. now owns 51,705 shares of the cable giant’s stock worth $1,940,000 after buying an additional 5,814 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Comcast by 14.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 71,939 shares of the cable giant’s stock worth $2,700,000 after acquiring an additional 9,136 shares during the last quarter. Stablepoint Partners LLC raised its holdings in shares of Comcast by 9.5% in the 4th quarter. Stablepoint Partners LLC now owns 39,486 shares of the cable giant’s stock valued at $1,482,000 after acquiring an additional 3,441 shares in the last quarter. Crescent Grove Advisors LLC boosted its position in shares of Comcast by 36.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 9,816 shares of the cable giant’s stock valued at $368,000 after acquiring an additional 2,609 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its holdings in shares of Comcast by 3.9% during the fourth quarter. Archford Capital Strategies LLC now owns 32,557 shares of the cable giant’s stock worth $1,222,000 after purchasing an additional 1,235 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now 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. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. 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. TD Cowen cut 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. Macquarie restated a “neutral” rating and set a $42.00 price target on shares of Comcast in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Up 0.4 %

CMCSA opened at $37.62 on Monday. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average price of $39.31 and a 200-day moving average price of $40.16. The stock has a market capitalization of $143.95 billion, a price-to-earnings ratio of 10.11, a PEG 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 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.25 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.