CoreCap Advisors LLC Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

CoreCap Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,112 shares of the cable giant’s stock after acquiring an additional 2,059 shares during the quarter. CoreCap Advisors LLC’s holdings in Comcast were worth $492,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CMCSA. Integrated Investment Consultants LLC lifted its holdings in shares of Comcast by 1.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant’s stock worth $622,000 after acquiring an additional 291 shares during the period. Five Oceans Advisors increased its position in Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant’s stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Kovack Advisors Inc. raised its stake in Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC boosted its holdings in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in shares of Comcast by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock worth $2,195,000 after buying an additional 328 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMCSA. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Oppenheimer reduced their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, Barclays reduced their target price 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Up 0.1 %

CMCSA stock opened at $34.25 on Friday. The stock has a market cap of $127.88 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm’s 50-day simple moving average is $35.01 and its 200 day simple moving average is $37.54. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. 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) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

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.