Comcast Co. (NASDAQ:CMCSA) Shares Acquired by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,364 shares of the cable giant’s stock after purchasing an additional 1,752 shares during the period. Comcast comprises 1.3% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 14th biggest position. W.H. Cornerstone Investments Inc.’s holdings in Comcast were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clearstead Trust LLC increased its holdings in shares of Comcast by 81.0% in the fourth quarter. Clearstead Trust LLC now owns 17,093 shares of the cable giant’s stock valued at $750,000 after purchasing an additional 7,649 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in Comcast by 26.4% in the 4th quarter. Connecticut Wealth Management LLC now owns 5,857 shares of the cable giant’s stock valued at $257,000 after buying an additional 1,223 shares in the last quarter. Avidian Wealth Solutions LLC raised its holdings in shares of Comcast by 6.6% during the 4th quarter. Avidian Wealth Solutions LLC now owns 13,361 shares of the cable giant’s stock worth $586,000 after acquiring an additional 823 shares during the period. Measured Wealth Private Client Group LLC boosted its position in shares of Comcast by 22.3% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 10,737 shares of the cable giant’s stock valued at $471,000 after acquiring an additional 1,958 shares during the last quarter. Finally, FourThought Financial Partners LLC grew its holdings in shares of Comcast by 20.3% in the fourth quarter. FourThought Financial Partners LLC now owns 282,720 shares of the cable giant’s stock valued at $12,397,000 after purchasing an additional 47,652 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Finally, Citigroup cut their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Performance

Comcast stock traded up $0.33 during midday trading on Friday, hitting $38.69. 22,278,723 shares of the company’s stock were exchanged, compared to its average volume of 22,677,254. The firm’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $42.35. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.21 EPS for the current year.

About Comcast

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.