Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 71,939 shares of the cable giant’s stock after acquiring an additional 9,136 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Comcast were worth $2,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after buying an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after buying an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board lifted its holdings in shares of Comcast by 5.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after buying an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Comcast by 4.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after purchasing an additional 676,920 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on 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 in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 17th. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Macquarie reiterated a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Up 1.6 %

NASDAQ:CMCSA opened at $38.23 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $39.31 and its two-hundred day moving average is $40.18. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The stock has a market capitalization of $146.29 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast 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.