Austin Private Wealth LLC Raises Holdings in Comcast Corporation $CMCSA

Austin Private Wealth LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,208 shares of the cable giant’s stock after purchasing an additional 498 shares during the period. Austin Private Wealth LLC’s holdings in Comcast were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC increased its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Abound Financial LLC purchased a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC increased its stake in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 2.6%

Shares of CMCSA opened at $28.53 on Thursday. The firm has a market cap of $105.34 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The company’s fifty day moving average is $31.65 and its two-hundred day moving average is $33.41. Comcast Corporation has a fifty-two week low of $28.46 and a fifty-two week high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Bank of America lowered their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada assumed coverage on shares of Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. Finally, Rosenblatt Securities lowered their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $39.52.

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.