Resonant Capital Advisors LLC Acquires 1,025 Shares of Comcast Co. (NASDAQ:CMCSA)

Resonant Capital Advisors LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,132 shares of the cable giant’s stock after acquiring an additional 1,025 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Comcast were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC lifted its position in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast in the 4th quarter worth approximately $34,000. Finally, Lipe & Dalton acquired a new position in shares of Comcast in the 4th quarter worth approximately $37,000. 84.32% of the stock is owned by institutional investors.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $40.24 on Friday. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. 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 firm has a market cap of $159.83 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.97 and a beta of 0.98. The company has a fifty day moving average price of $41.82 and a 200-day moving average price of $42.71.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $30.41 billion. As a group, equities research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. BNP Paribas reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Wells Fargo & Company dropped their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.74.

Comcast Company 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.