Forum Financial Management LP Has $2.11 Million Holdings in Comcast Corporation $CMCSA

Forum Financial Management LP increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 59,022 shares of the cable giant’s stock after purchasing an additional 6,059 shares during the quarter. Forum Financial Management LP’s holdings in Comcast were worth $2,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its stake in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in Comcast by 7.4% in the first quarter. Cornerstone Wealth Group LLC now owns 11,279 shares of the cable giant’s stock valued at $416,000 after purchasing an additional 782 shares in the last quarter. Econ Financial Services Corp grew its stake in Comcast by 19.8% in the first quarter. Econ Financial Services Corp now owns 93,946 shares of the cable giant’s stock valued at $3,467,000 after purchasing an additional 15,496 shares in the last quarter. Archford Capital Strategies LLC grew its stake in Comcast by 137.7% in the first quarter. Archford Capital Strategies LLC now owns 77,386 shares of the cable giant’s stock valued at $2,856,000 after purchasing an additional 44,829 shares in the last quarter. Finally, Mattern Capital Management LLC grew its stake in Comcast by 3.5% in the first quarter. Mattern Capital Management LLC now owns 213,875 shares of the cable giant’s stock valued at $7,892,000 after purchasing an additional 7,160 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Morgan Stanley set a $35.00 price target on Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. The Goldman Sachs Group cut their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Scotiabank restated a “sector perform” rating and issued a $45.50 price target (up from $45.00) on shares of Comcast in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.76.

Comcast Price Performance

Comcast stock opened at $29.40 on Thursday. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31. The stock’s 50 day moving average is $32.08 and its 200-day moving average is $33.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $108.55 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.77 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The company had revenue of $30.34 billion for the quarter. Equities research analysts expect that Comcast Corporation will post 4.33 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.