Aspire Growth Partners LLC Makes New $364,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Aspire Growth Partners LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,712 shares of the cable giant's stock, valued at approximately $364,000.

A number of other large investors have also recently made changes to their positions in the business. Promus Capital LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its position 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 acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth about $36,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Oppenheimer dropped their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Barclays cut their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Scotiabank restated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded up $0.12 during trading on Tuesday, hitting $34.57. 16,101,360 shares of the stock traded hands, compared to its average volume of 21,868,552. The company has a fifty day moving average price of $35.12 and a two-hundred day moving average price of $37.70. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market cap of $130.69 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 4.33 EPS for the current 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.