True Wealth Design LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

True Wealth Design LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,090 shares of the cable giant’s stock after buying an additional 699 shares during the period. True Wealth Design LLC’s holdings in Comcast were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CMCSA. Capital World Investors grew its stake in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the period. Norges Bank purchased a new stake in Comcast in the fourth quarter worth $3,835,226,000. Geode Capital Management LLC grew its stake in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the period. Dodge & Cox grew its stake in Comcast by 6.8% in the fourth quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMCSA. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA opened at $35.48 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $37.30. The stock has a market cap of $132.47 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31.

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