Golden State Equity Partners Increases Position in Comcast Co. (NASDAQ:CMCSA)

Golden State Equity Partners increased its stake in Comcast Co. (NASDAQ:CMCSA) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,582 shares of the cable giant’s stock after acquiring an additional 1,164 shares during the period. Golden State Equity Partners’ holdings in Comcast were worth $1,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Comcast in the fourth quarter worth $34,000. Lipe & Dalton bought a new stake in Comcast in the fourth quarter worth $37,000. First Personal Financial Services bought a new stake in Comcast in the third quarter worth $39,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at about $44,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $38.57 on Friday. The stock has a market cap of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm’s 50-day simple moving average is $41.58 and its two-hundred day simple moving average is $42.56.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Finally, Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Comcast Company 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.