Cerro Pacific Wealth Advisors LLC Buys 1,040 Shares of Comcast Co. (NASDAQ:CMCSA)

Cerro Pacific Wealth Advisors LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,715 shares of the cable giant’s stock after buying an additional 1,040 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Comcast were worth $477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Apeiron RIA LLC purchased a new position in shares of Comcast in the 4th quarter worth approximately $637,000. Secure Asset Management LLC bought a new stake in Comcast during the fourth quarter worth $246,000. Red Door Wealth Management LLC boosted its position in Comcast by 18.7% in the fourth quarter. Red Door Wealth Management LLC now owns 10,244 shares of the cable giant’s stock worth $384,000 after purchasing an additional 1,615 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Comcast during the 4th quarter valued at $1,493,000. Finally, Cardinal Capital Management Inc. boosted its holdings in shares of Comcast by 0.6% in the 4th quarter. Cardinal Capital Management Inc. now owns 647,091 shares of the cable giant’s stock worth $24,285,000 after buying an additional 3,600 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMCSA shares. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company dropped their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. TD Cowen cut their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $37.47 on Friday. 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 fifty-two week low of $36.15 and a fifty-two week high of $47.11. The firm has a market cap of $143.38 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The business has a 50-day simple moving average of $39.54 and a two-hundred day simple moving average of $40.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Buying and Selling

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

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.