Archford Capital Strategies LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Archford Capital Strategies LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,557 shares of the cable giant’s stock after buying an additional 1,235 shares during the quarter. Archford Capital Strategies LLC’s holdings in Comcast were worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. The Manufacturers Life Insurance Company raised its holdings in Comcast by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,338,254 shares of the cable giant’s stock valued at $169,886,000 after acquiring an additional 159,194 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Comcast in the second quarter valued at $3,587,000. Kathmere Capital Management LLC raised its holdings in Comcast by 18.0% in the second quarter. Kathmere Capital Management LLC now owns 13,174 shares of the cable giant’s stock valued at $516,000 after acquiring an additional 2,010 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Comcast by 14.9% in the second quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant’s stock valued at $463,000 after acquiring an additional 1,532 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC raised its holdings in Comcast by 0.8% in the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 96,370 shares of the cable giant’s stock valued at $3,774,000 after acquiring an additional 734 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays increased their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Macquarie reissued a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Performance

NASDAQ:CMCSA opened at $37.62 on Friday. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average of $39.31 and a 200-day moving average of $40.14. The firm has a market cap of $143.95 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade 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.