Brighton Jones LLC Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 150.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 166,265 shares of the cable giant’s stock after acquiring an additional 99,986 shares during the quarter. Brighton Jones LLC’s holdings in Comcast were worth $6,240,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the third quarter worth about $30,000. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CMCSA. Macquarie reiterated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Barclays increased their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insiders Place Their Bets

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

Comcast Stock Up 1.0 %

CMCSA stock opened at $37.47 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The firm has a market capitalization of $143.38 billion, a PE ratio of 10.07, a P/E/G ratio of 1.35 and a beta of 1.01. The company’s 50 day simple moving average is $39.54 and its 200-day simple moving average is $40.16.

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

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.