Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,757 shares of the cable giant’s stock after purchasing an additional 355 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Comcast were worth $1,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Fairscale Capital LLC purchased a new stake in Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Comcast during the second quarter worth about $27,000. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Finally, Archer Investment Corp grew its stake in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.6 %

NASDAQ CMCSA traded up $1.11 during trading on Thursday, hitting $43.35. 12,713,701 shares of the company traded hands, compared to its average volume of 19,549,018. The company has a market capitalization of $170.09 billion, a P/E ratio of 11.17, a PEG ratio of 1.10 and a beta of 1.01. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $39.52. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMCSA. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Scotiabank boosted their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Finally, Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.58.

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.