Finley Financial LLC Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Finley Financial LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,117 shares of the cable giant’s stock, valued at approximately $150,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in Comcast by 42.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,417,814 shares of the cable giant’s stock valued at $90,741,000 after acquiring an additional 716,770 shares during the period. Red Spruce Capital LLC increased its position in Comcast by 9.9% in the 4th quarter. Red Spruce Capital LLC now owns 50,550 shares of the cable giant’s stock valued at $1,897,000 after acquiring an additional 4,561 shares during the period. MCF Advisors LLC boosted its holdings in Comcast by 21.5% in the 4th quarter. MCF Advisors LLC now owns 27,375 shares of the cable giant’s stock valued at $1,027,000 after purchasing an additional 4,846 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Comcast by 5.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,952,198 shares of the cable giant’s stock valued at $148,326,000 after purchasing an additional 188,948 shares in the last quarter. Finally, LifePlan Financial LLC boosted its holdings in Comcast by 2.1% in the 4th quarter. LifePlan Financial LLC now owns 33,726 shares of the cable giant’s stock valued at $1,266,000 after purchasing an additional 703 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.97 on Wednesday. The business’s fifty day moving average price is $39.67 and its two-hundred day moving average price is $40.18. The stock has a market cap of $141.47 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a one year low of $36.15 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. On average, analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a report on Monday, January 6th. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

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.