Ashton Thomas Private Wealth LLC Has $6.94 Million Stock Position in Comcast Corporation $CMCSA

Ashton Thomas Private Wealth LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.2% in the second quarter, Holdings Channel reports. The institutional investor owned 194,425 shares of the cable giant’s stock after acquiring an additional 19,526 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Comcast were worth $6,939,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in shares of Comcast by 13.0% during the second quarter. QRG Capital Management Inc. now owns 724,760 shares of the cable giant’s stock valued at $25,867,000 after buying an additional 83,631 shares during the last quarter. Advisor OS LLC grew its holdings in shares of Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant’s stock valued at $1,308,000 after buying an additional 8,841 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Comcast by 5.4% during the second quarter. Aberdeen Group plc now owns 2,889,947 shares of the cable giant’s stock valued at $103,142,000 after buying an additional 147,231 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant’s stock valued at $47,254,000 after buying an additional 118,839 shares during the last quarter. Finally, Davidson Investment Advisors grew its holdings in shares of Comcast by 37.4% during the second quarter. Davidson Investment Advisors now owns 457,691 shares of the cable giant’s stock valued at $16,335,000 after buying an additional 124,484 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMCSA. Morgan Stanley set a $35.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Loop Capital dropped their price target on shares of Comcast from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. KeyCorp dropped their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Royal Bank Of Canada began coverage on shares of Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $39.76.

Comcast Stock Performance

Shares of CMCSA stock opened at $29.28 on Monday. The firm has a market cap of $108.11 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a 52 week low of $29.15 and a 52 week high of $45.31. The firm’s 50-day simple moving average is $31.92 and its two-hundred day simple moving average is $33.52.

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

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.