49,218 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 49,218 shares of the cable giant’s stock, valued at approximately $2,158,000.

Other institutional investors also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC increased its stake in shares of Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after buying an additional 219 shares during the last quarter. Legend Financial Advisors Inc. increased its stake in shares of Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. boosted its holdings in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services boosted its holdings in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the period. Finally, Ironwood Financial llc boosted its holdings in Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CMCSA shares. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reissued an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Citigroup boosted their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Comcast Stock Up 1.8 %

Shares of NASDAQ CMCSA traded up $0.70 during trading hours on Friday, hitting $38.57. The stock had a trading volume of 29,783,241 shares, compared to its average volume of 21,514,964. The company has a market capitalization of $153.19 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.94 and a beta of 0.98. The firm’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $42.56. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.