Impact Partnership Wealth LLC Grows Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Impact Partnership Wealth LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,551 shares of the cable giant’s stock after buying an additional 2,844 shares during the period. Impact Partnership Wealth LLC’s holdings in Comcast were worth $1,034,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMCSA. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Comcast by 5.4% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 116,427 shares of the cable giant’s stock worth $4,353,000 after buying an additional 6,010 shares during the period. Brighton Jones LLC raised its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after acquiring an additional 99,986 shares during the last quarter. Hengehold Capital Management LLC lifted its position in Comcast by 0.8% during the 4th quarter. Hengehold Capital Management LLC now owns 76,597 shares of the cable giant’s stock worth $2,875,000 after acquiring an additional 631 shares during the period. Cerro Pacific Wealth Advisors LLC increased its holdings in shares of Comcast by 8.9% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 12,715 shares of the cable giant’s stock valued at $477,000 after purchasing an additional 1,040 shares during the period. Finally, Apeiron RIA LLC acquired a new stake in Comcast during the 4th quarter worth about $637,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CMCSA shares. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Price Performance

CMCSA stock opened at $37.47 on Friday. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a market capitalization of $143.38 billion, a P/E ratio of 10.07, a PEG ratio of 1.35 and a beta of 1.01. The business has a 50 day simple moving average of $39.54 and a 200-day simple moving average of $40.16. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. As a group, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

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.