Crescent Grove Advisors LLC Has $368,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Crescent Grove Advisors LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 36.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,816 shares of the cable giant’s stock after purchasing an additional 2,609 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Comcast were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Archford Capital Strategies LLC boosted its position in Comcast by 3.9% during the 4th quarter. Archford Capital Strategies LLC now owns 32,557 shares of the cable giant’s stock worth $1,222,000 after acquiring an additional 1,235 shares during the period. Flagship Harbor Advisors LLC boosted its position in Comcast by 9.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 39,026 shares of the cable giant’s stock worth $1,465,000 after acquiring an additional 3,312 shares during the period. Vantage Wealth boosted its position in Comcast by 0.7% during the 4th quarter. Vantage Wealth now owns 427,675 shares of the cable giant’s stock worth $16,051,000 after acquiring an additional 3,165 shares during the period. Toth Financial Advisory Corp boosted its position in Comcast by 56.3% during the 4th quarter. Toth Financial Advisory Corp now owns 3,330 shares of the cable giant’s stock worth $125,000 after acquiring an additional 1,200 shares during the period. Finally, Monte Financial Group LLC boosted its position in Comcast by 0.3% during the 4th quarter. Monte Financial Group LLC now owns 208,183 shares of the cable giant’s stock worth $7,813,000 after acquiring an additional 694 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Finally, Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.33.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction 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. The trade was a 3.40 % decrease in their position. 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 business’s stock in a transaction on 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 transaction, the president now directly owns 534,849 shares of the company’s stock, 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. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Up 0.4 %

Shares of CMCSA stock opened at $37.62 on Monday. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The firm has a market cap of $143.95 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The stock has a 50 day moving average of $39.31 and a 200-day moving average of $40.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping 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 analyst estimates of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

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.