J.W. Cole Advisors Inc. Raises Position in Comcast Co. (NASDAQ:CMCSA)

J.W. Cole Advisors Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 27.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 60,717 shares of the cable giant’s stock after buying an additional 13,090 shares during the period. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $2,662,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCSA. NewSquare Capital LLC grew its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in Comcast in the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new stake in Comcast during the 4th quarter valued at about $34,000. Finally, Lipe & Dalton bought a new position in Comcast in the 4th quarter worth about $37,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.62 on Friday, reaching $40.24. 24,227,565 shares of the company’s stock traded hands, compared to its average volume of 19,806,908. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $159.83 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.97 and a beta of 0.98. The stock has a 50 day moving average price of $41.82 and a 200-day moving average price of $42.71.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 business had revenue of $31.25 billion during 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%. Equities research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available at this link. 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.