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

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

Several other hedge funds have also made changes to their positions in the business. Promus Capital LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its holdings 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 purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the 4th quarter worth approximately $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.9 %

NASDAQ CMCSA opened at $34.46 on Friday. The company has a market cap of $130.29 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50-day moving average of $35.13 and a 200-day moving average of $37.82.

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

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Citigroup decreased their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $42.10.

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.