HBK Sorce Advisory LLC Increases Stake in Comcast Corporation $CMCSA

HBK Sorce Advisory LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 357,736 shares of the cable giant’s stock after buying an additional 4,995 shares during the period. Comcast comprises 0.3% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 29th largest holding. HBK Sorce Advisory LLC’s holdings in Comcast were worth $12,768,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMCSA. Cranbrook Wealth Management LLC increased its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the period. Global Trust Asset Management LLC increased its stake 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 buying an additional 671 shares during the period. Abound Financial LLC purchased a new stake in Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new stake in Comcast during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC increased its stake in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 2.6%

NASDAQ CMCSA opened at $28.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $31.65 and its 200 day moving average price is $33.41. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 12 month low of $28.46 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The firm 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%. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Benchmark reissued a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson increased their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Scotiabank reissued a “sector perform” rating and issued a $45.50 price objective (up from $45.00) on shares of Comcast in a research report on Monday, October 6th. Finally, Sanford C. Bernstein dropped their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.52.

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.