Comcast Co. (NASDAQ:CMCSA) Shares Bought by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. lifted its position in Comcast Co. (NASDAQ:CMCSA) by 365.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 726 shares of the cable giant’s stock after purchasing an additional 570 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in Comcast were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Steph & Co. raised its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the second quarter worth $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $41.93 on Monday. The company’s 50-day moving average is $40.30 and its two-hundred day moving average is $39.44. The firm has a market capitalization of $164.52 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (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 company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI dropped their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, Scotiabank lifted their target price on shares of Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday. 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, the company currently has a consensus rating of “Hold” and a consensus price target of $45.58.

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.