Gilliland Jeter Wealth Management LLC Acquires New Stake in Comcast Co. (NASDAQ:CMCSA)

Gilliland Jeter Wealth Management LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 4,994 shares of the cable giant’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its stake in Comcast by 2.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 290,635 shares of the cable giant’s stock worth $12,744,000 after purchasing an additional 6,296 shares in the last quarter. Golden State Equity Partners grew its stake in Comcast by 4.4% during the 4th quarter. Golden State Equity Partners now owns 27,582 shares of the cable giant’s stock worth $1,209,000 after purchasing an additional 1,164 shares in the last quarter. Kovack Advisors Inc. grew its stake in Comcast by 18.2% during the 4th quarter. Kovack Advisors Inc. now owns 41,340 shares of the cable giant’s stock worth $1,813,000 after purchasing an additional 6,364 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Comcast during the 4th quarter worth $2,255,000. Finally, Abbrea Capital LLC grew its stake in Comcast by 2.2% during the 4th quarter. Abbrea Capital LLC now owns 41,467 shares of the cable giant’s stock worth $1,818,000 after purchasing an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CMCSA. Scotiabank lowered their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Stock Performance

CMCSA traded up $0.70 on Friday, hitting $38.57. 29,783,241 shares of the company traded hands, compared to its average volume of 21,514,964. The stock has a market capitalization of $153.19 billion, a PE ratio of 10.20, a PEG ratio of 0.92 and a beta of 0.98. The company has a 50 day moving average of $41.58 and a 200-day moving average of $42.57. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. Sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

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.