Comcast Co. (NASDAQ:CMCSA) Shares Purchased by PFG Investments LLC

PFG Investments LLC boosted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 205.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,688 shares of the cable giant's stock after purchasing an additional 33,436 shares during the period. PFG Investments LLC's holdings in Comcast were worth $2,154,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Steph & Co. increased its holdings in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant's stock valued at $26,000 after buying an additional 371 shares in the last quarter. NewSquare Capital LLC increased its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock valued at $28,000 after buying an additional 302 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter valued at $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its holdings in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant's stock valued at $33,000 after buying an additional 593 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.18% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMCSA. Redburn Atlantic downgraded shares of Comcast from a "buy" rating to a "neutral" rating and cut their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Rosenblatt Securities reissued a "neutral" rating and set a $45.00 target price on shares of Comcast in a research note on Friday. Benchmark reissued a "buy" rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 10th. Citigroup boosted their price target on shares of Comcast from $51.00 to $53.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. Finally, BNP Paribas restated a "neutral" rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $49.45.

Comcast Stock Performance

Shares of CMCSA traded up $0.70 during trading hours on Friday, reaching $38.57. 29,783,241 shares of the company traded hands, compared to its average volume of 21,514,964. The stock's fifty day moving average is $41.58 and its 200 day moving average is $42.55. The stock has a market cap of $153.19 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.60 and a current ratio of 0.59. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

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

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.

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