Avior Wealth Management LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Avior Wealth Management LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 20.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,640 shares of the cable giant’s stock after acquiring an additional 2,329 shares during the quarter. Avior Wealth Management LLC’s holdings in Comcast were worth $589,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC raised its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Comcast during the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new position in Comcast in the 4th quarter valued at about $34,000. Finally, Lipe & Dalton acquired a new stake in Comcast in the 4th quarter worth about $37,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

Comcast Trading Up 1.6 %

NASDAQ CMCSA opened at $39.62 on Friday. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market capitalization of $157.37 billion, a P/E ratio of 10.65, a PEG ratio of 0.95 and a beta of 0.98. The firm’s 50-day moving average is $41.86 and its two-hundred day moving average is $42.74. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CMCSA shares. Wells Fargo & Company reduced their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Oppenheimer restated an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.74.

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.