Element Wealth LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Element Wealth LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,562 shares of the cable giant’s stock after purchasing an additional 588 shares during the quarter. Element Wealth LLC’s holdings in Comcast were worth $332,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Comcast by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock worth $1,603,786,000 after purchasing an additional 1,229,374 shares in the last quarter. LSV Asset Management boosted its position in Comcast by 4.7% during the third quarter. LSV Asset Management now owns 15,118,600 shares of the cable giant’s stock worth $670,359,000 after purchasing an additional 685,400 shares in the last quarter. Raymond James & Associates boosted its position in Comcast by 2.3% during the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Comcast by 5.4% during the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after purchasing an additional 581,163 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, BNP Paribas reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

Shares of CMCSA traded down $0.21 during midday trading on Tuesday, reaching $40.36. 15,129,007 shares of the stock were exchanged, compared to its average volume of 20,643,615. The business’s 50-day moving average price is $41.78 and its 200 day moving average price is $42.68. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.98 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

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.