J.W. Cole Advisors Inc. Buys 13,090 Shares of Comcast Co. (NASDAQ:CMCSA)

J.W. Cole Advisors Inc. boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,717 shares of the cable giant’s stock after acquiring an additional 13,090 shares during the period. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $2,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Everett Harris & Co. CA lifted its stake in shares of Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Altus Wealth Group LLC grew its position in shares of Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after buying an additional 1,432 shares during the period. PFG Advisors increased its stake in shares of Comcast by 28.8% in the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after acquiring an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Comcast during the 3rd quarter valued at $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMCSA shares. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Citigroup upped their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

Shares of Comcast stock traded up $0.62 during trading hours on Friday, hitting $40.24. 24,227,565 shares of the company’s stock traded hands, compared to its average volume of 19,806,908. The company has a fifty day simple moving average of $41.82 and a 200-day simple moving average of $42.71. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.97 and a beta of 0.98. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal 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.