MCF Advisors LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

MCF Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,375 shares of the cable giant’s stock after buying an additional 4,846 shares during the quarter. MCF Advisors LLC’s holdings in Comcast were worth $1,027,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Koshinski Asset Management Inc. lifted its stake in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares in the last quarter. Taurus Asset Management LLC increased its stake in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after buying an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after acquiring an additional 260 shares in the last quarter. Finally, Saxon Interests Inc. increased its position in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock worth $566,000 after purchasing an additional 262 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Stock Up 1.1 %

Shares of NASDAQ:CMCSA opened at $36.97 on Wednesday. The firm has a 50 day simple moving average of $39.81 and a 200 day simple moving average of $40.18. The company has a market cap of $141.47 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast 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.