Western Wealth Management LLC Acquires 885 Shares of Comcast Co. (NASDAQ:CMCSA)

Western Wealth Management LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,119 shares of the cable giant’s stock after purchasing an additional 885 shares during the period. Western Wealth Management LLC’s holdings in Comcast were worth $2,066,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC grew its stake in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Comcast in the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in Comcast during the fourth quarter valued at approximately $34,000. Finally, Lipe & Dalton bought a new stake in Comcast during the fourth quarter worth $37,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

CMCSA stock traded up $0.29 during mid-day trading on Friday, reaching $39.91. 3,865,083 shares of the company traded hands, compared to its average volume of 20,382,715. The company has a fifty day moving average price of $41.86 and a 200-day moving average price of $42.74. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The company has a market capitalization of $158.52 billion, a P/E ratio of 10.67, a P/E/G ratio of 0.95 and a beta of 0.98. 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 (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCSA. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Rosenblatt Securities boosted their price target on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast 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 sale 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.

About Comcast

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.