Synergy Asset Management LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Synergy Asset Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 109.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 298,033 shares of the cable giant’s stock after acquiring an additional 155,851 shares during the quarter. Comcast accounts for approximately 0.9% of Synergy Asset Management LLC’s holdings, making the stock its 26th largest holding. Synergy Asset Management LLC’s holdings in Comcast were worth $11,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Highland Capital Management LLC grew its position in shares of Comcast by 1.0% in the fourth quarter. Highland Capital Management LLC now owns 202,733 shares of the cable giant’s stock valued at $7,609,000 after purchasing an additional 1,928 shares during the last quarter. Gries Financial LLC lifted its stake in Comcast by 4.2% in the 4th quarter. Gries Financial LLC now owns 61,038 shares of the cable giant’s stock valued at $2,291,000 after buying an additional 2,434 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in Comcast by 50.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 8,098 shares of the cable giant’s stock valued at $304,000 after buying an additional 2,700 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of Comcast in the fourth quarter worth $7,189,000. Finally, Swedbank AB lifted its position in shares of Comcast by 2.5% in the fourth quarter. Swedbank AB now owns 2,132,958 shares of the cable giant’s stock valued at $80,050,000 after acquiring an additional 51,149 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

CMCSA opened at $37.36 on Thursday. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The firm has a market cap of $142.96 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $39.12 and a 200 day simple moving average of $40.17.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Equities research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CMCSA. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Pivotal Research boosted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Transactions at Comcast

In related 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was 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 of the company’s stock, 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. Corporate insiders own 1.26% of the company’s stock.

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.