Apexium Financial LP Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Apexium Financial LP increased its position in Comcast Co. (NASDAQ:CMCSA) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,627 shares of the cable giant’s stock after buying an additional 4,371 shares during the quarter. Apexium Financial LP’s holdings in Comcast were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Asset Advisory Services LLC grew its stake in shares of Comcast by 2.0% during the fourth quarter. Capital Asset Advisory Services LLC now owns 70,688 shares of the cable giant’s stock valued at $2,663,000 after buying an additional 1,366 shares during the last quarter. Blue Trust Inc. boosted its holdings in Comcast by 12.7% during the 4th quarter. Blue Trust Inc. now owns 51,705 shares of the cable giant’s stock valued at $1,940,000 after acquiring an additional 5,814 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Comcast by 14.5% during 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 increased its stake in Comcast by 9.5% in the 4th quarter. Stablepoint Partners LLC now owns 39,486 shares of the cable giant’s stock worth $1,482,000 after purchasing an additional 3,441 shares during the period. Finally, Crescent Grove Advisors LLC lifted its position in Comcast by 36.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,816 shares of the cable giant’s stock valued at $368,000 after purchasing an additional 2,609 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Up 1.6 %

Shares of Comcast stock opened at $38.23 on Tuesday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $39.31 and a 200 day moving average of $40.18. The firm has a market cap of $146.29 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred 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 directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% 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.