Premier Path Wealth Partners LLC Boosts Position in Comcast Corporation $CMCSA

Premier Path Wealth Partners LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,260 shares of the cable giant’s stock after acquiring an additional 1,613 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Comcast were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in Comcast by 0.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 341,104 shares of the cable giant’s stock valued at $12,174,000 after purchasing an additional 1,566 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Comcast by 67.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 44,878 shares of the cable giant’s stock valued at $1,602,000 after purchasing an additional 18,007 shares in the last quarter. World Investment Advisors increased its position in shares of Comcast by 1.0% during the second quarter. World Investment Advisors now owns 278,112 shares of the cable giant’s stock valued at $9,926,000 after buying an additional 2,673 shares during the period. Quaker Wealth Management LLC raised its stake in Comcast by 200.3% in the second quarter. Quaker Wealth Management LLC now owns 2,095 shares of the cable giant’s stock worth $75,000 after buying an additional 4,184 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its holdings in Comcast by 5.4% in the second quarter. Oarsman Capital Inc. now owns 28,391 shares of the cable giant’s stock worth $1,013,000 after buying an additional 1,452 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Bank of America cut their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. UBS Group set a $43.00 price target on Comcast in a research report on Friday, October 3rd. The Goldman Sachs Group reduced their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Moffett Nathanson raised their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.52.

Comcast Trading Down 2.6%

Comcast stock opened at $28.53 on Thursday. Comcast Corporation has a 12 month low of $28.46 and a 12 month high of $45.31. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business’s fifty day simple moving average is $31.65 and its two-hundred day simple moving average is $33.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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.