Stonebrook Private Inc. Takes $2.16 Million Position in Comcast Co. (NASDAQ:CMCSA)

Stonebrook Private Inc. acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, Holdings Channel.com reports. The firm acquired 49,218 shares of the cable giant’s stock, valued at approximately $2,158,000.

A number of other large investors also recently modified their holdings of the company. Everett Harris & Co. CA raised its stake in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after acquiring an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in shares of Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after acquiring an additional 1,486 shares in the last quarter. Altus Wealth Group LLC raised its stake in shares of Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares in the last quarter. PFG Advisors raised its stake in shares of Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Comcast during the third quarter worth approximately $8,868,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CMCSA. Citigroup lifted their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday. BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.45.

Comcast Stock Performance

CMCSA stock traded up $0.70 during trading on Friday, hitting $38.57. 29,783,241 shares of the company traded hands, compared to its average volume of 21,514,964. The stock’s 50-day simple moving average is $41.58 and its 200 day simple moving average is $42.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.60. The company has a market cap of $153.19 billion, a PE ratio of 10.20, a P/E/G ratio of 0.94 and a beta of 0.98. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. On average, equities analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

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.