Comcast Co. (NASDAQ:CMCSA) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,503 shares of the cable giant’s stock after purchasing an additional 10,936 shares during the period. Axxcess Wealth Management LLC’s holdings in Comcast were worth $5,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. LSV Asset Management grew its holdings in Comcast by 3.8% during the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares during the period. Loudon Investment Management LLC grew its holdings in Comcast by 2.1% during the fourth quarter. Loudon Investment Management LLC now owns 102,522 shares of the cable giant’s stock worth $4,546,000 after acquiring an additional 2,102 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Comcast by 44.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 98,631 shares of the cable giant’s stock worth $4,325,000 after acquiring an additional 30,251 shares during the period. Summit Global Investments grew its holdings in Comcast by 93.2% during the fourth quarter. Summit Global Investments now owns 13,379 shares of the cable giant’s stock worth $587,000 after acquiring an additional 6,455 shares during the period. Finally, Westover Capital Advisors LLC increased its stake in Comcast by 12.6% in the 4th quarter. Westover Capital Advisors LLC now owns 9,083 shares of the cable giant’s stock worth $398,000 after purchasing an additional 1,019 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA stock traded up $0.33 during trading on Friday, hitting $38.69. The company had a trading volume of 22,278,723 shares, compared to its average volume of 22,677,254. The company has a fifty day moving average price of $41.26 and a two-hundred day moving average price of $42.38. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $153.67 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. Equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company decreased their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, BNP Paribas reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

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.