Whipplewood Advisors LLC Has $41,000 Position in Comcast Corporation $CMCSA

Whipplewood Advisors LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 106.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146 shares of the cable giant’s stock after purchasing an additional 592 shares during the period. Whipplewood Advisors LLC’s holdings in Comcast were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMCSA. Global Trust Asset Management LLC grew its holdings in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Comcast during the first quarter worth $29,000. Abound Financial LLC bought a new position in shares of Comcast during the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Comcast by 403.5% during the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.42 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $108.62 billion, a price-to-earnings ratio of 4.86, a P/E/G ratio of 1.73 and a beta of 0.94. The firm’s 50 day simple moving average is $31.84 and its 200 day simple moving average is $33.48. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. As a group, research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Arete Research raised shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Morgan Stanley set a $35.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Moffett Nathanson lifted their price target on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Royal Bank Of Canada began coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. Finally, Bank of America reduced their target price on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $39.76.

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.