Nicholson Wealth Management Group LLC Invests $675,000 in Comcast Co. (NASDAQ:CMCSA)

Nicholson Wealth Management Group LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,163 shares of the cable giant’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC lifted its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its position in shares of 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. Finally, Archer Investment Corp increased its position in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. KeyCorp cut their target price on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Scotiabank lifted their price target on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Up 0.2 %

NASDAQ:CMCSA opened at $41.65 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The firm’s 50 day simple moving average is $40.44 and its 200 day simple moving average is $39.45. The company has a market cap of $163.42 billion, a PE ratio of 11.02, a P/E/G ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period in the prior year, the business posted $1.13 earnings per share. Comcast’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current 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.