VCI Wealth Management LLC Purchases Shares of 44,192 Comcast Co. (NASDAQ:CMCSA)

VCI Wealth Management LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 44,192 shares of the cable giant’s stock, valued at approximately $1,659,000.

A number of other hedge funds have also modified their holdings of the stock. Charter Oak Capital Management LLC raised its holdings in shares of Comcast by 9.6% in the 4th quarter. Charter Oak Capital Management LLC now owns 6,350 shares of the cable giant’s stock worth $238,000 after buying an additional 556 shares in the last quarter. YHB Investment Advisors Inc. grew its position in Comcast by 11.1% during the 4th quarter. YHB Investment Advisors Inc. now owns 85,110 shares of the cable giant’s stock worth $3,194,000 after acquiring an additional 8,502 shares during the last quarter. Nilsine Partners LLC grew its position in Comcast by 24.4% during the 4th quarter. Nilsine Partners LLC now owns 50,793 shares of the cable giant’s stock worth $1,906,000 after acquiring an additional 9,959 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Comcast by 2.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 41,957 shares of the cable giant’s stock worth $1,575,000 after acquiring an additional 1,016 shares during the last quarter. Finally, McLean Asset Management Corp grew its position in Comcast by 6.9% during the 4th quarter. McLean Asset Management Corp now owns 9,624 shares of the cable giant’s stock worth $361,000 after acquiring an additional 624 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley lowered Comcast from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Performance

Shares of Comcast stock opened at $38.23 on Tuesday. The company has a market capitalization of $146.29 billion, a PE ratio of 10.28, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $40.18.

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

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now 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. Company insiders own 1.26% of the company’s stock.

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.