Wealthcare Advisory Partners LLC Purchases 8,936 Shares of Comcast Co. (NASDAQ:CMCSA)

Wealthcare Advisory Partners LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 23.9% during the fourth quarter, HoldingsChannel reports. The fund owned 46,347 shares of the cable giant’s stock after buying an additional 8,936 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Comcast were worth $2,032,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Leuthold Group LLC bought a new stake in shares of Comcast during the fourth quarter valued at about $6,100,000. Spire Wealth Management grew its position in shares of Comcast by 9.5% during the 4th quarter. Spire Wealth Management now owns 51,147 shares of the cable giant’s stock valued at $2,217,000 after purchasing an additional 4,434 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Comcast by 13.0% in the fourth quarter. Metis Global Partners LLC now owns 210,419 shares of the cable giant’s stock worth $9,227,000 after purchasing an additional 24,212 shares during the period. W.H. Cornerstone Investments Inc. raised its position in shares of Comcast by 5.1% in the fourth quarter. W.H. Cornerstone Investments Inc. now owns 36,364 shares of the cable giant’s stock worth $1,595,000 after buying an additional 1,752 shares in the last quarter. Finally, Clearstead Trust LLC grew its position in Comcast by 81.0% during the fourth quarter. Clearstead Trust LLC now owns 17,093 shares of the cable giant’s stock worth $750,000 after buying an additional 7,649 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

NASDAQ:CMCSA remained flat at $38.49 during mid-day trading on Tuesday. 9,773,894 shares of the company traded hands, compared to its average volume of 20,830,020. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a 50 day moving average price of $41.18 and a two-hundred day moving average price of $42.32. The stock has a market cap of $151.02 billion, a P/E ratio of 10.21, a PEG ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share 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 business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the business earned $0.92 EPS. Comcast’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Citigroup lowered their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

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.