Convergence Investment Partners LLC Buys 4,018 Shares of Comcast Corporation $CMCSA

Convergence Investment Partners LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 37,265 shares of the cable giant’s stock after purchasing an additional 4,018 shares during the period. Convergence Investment Partners LLC’s holdings in Comcast were worth $1,330,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC grew its holdings in Comcast by 11.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 194,425 shares of the cable giant’s stock valued at $6,939,000 after purchasing an additional 19,526 shares during the period. Solstein Capital LLC boosted its stake in shares of Comcast by 3.5% in the second quarter. Solstein Capital LLC now owns 17,765 shares of the cable giant’s stock worth $634,000 after acquiring an additional 606 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of Comcast in the second quarter worth about $83,000. Resonant Capital Advisors LLC boosted its stake in shares of Comcast by 279.6% in the second quarter. Resonant Capital Advisors LLC now owns 63,198 shares of the cable giant’s stock worth $2,256,000 after acquiring an additional 46,549 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Comcast by 2.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 911,507 shares of the cable giant’s stock worth $32,532,000 after acquiring an additional 19,596 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.1%

Shares of CMCSA stock opened at $29.28 on Monday. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $31.92 and its two-hundred day simple moving average is $33.52. The company has a market cap of $108.11 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. Research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Bank of America dropped their price objective on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Morgan Stanley set a $35.00 price target on Comcast and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.76.

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.