Weaver Capital Management LLC Buys 7,722 Shares of Comcast Co. (NASDAQ:CMCSA)

Weaver Capital Management LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 23.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,237 shares of the cable giant’s stock after purchasing an additional 7,722 shares during the period. Weaver Capital Management LLC’s holdings in Comcast were worth $1,681,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Fairscale Capital LLC acquired a new stake in Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC boosted its holdings in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Finally, Archer Investment Corp lifted its position in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMCSA shares. Evercore ISI decreased their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average target price of $45.58.

Comcast Trading Up 2.5 %

CMCSA opened at $41.55 on Wednesday. The company’s 50 day moving average is $40.39 and its 200-day moving average is $39.44. The company has a market cap of $163.01 billion, a P/E ratio of 10.99, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. Equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

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.