Comcast Corporation $CMCSA Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,713 shares of the cable giant’s stock after buying an additional 8,167 shares during the period. Bleakley Financial Group LLC’s holdings in Comcast were worth $3,916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC increased its holdings in shares of Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after buying an additional 350 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Abound Financial LLC acquired a new stake in Comcast in the 1st quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC increased its holdings in Comcast by 403.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 686 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.3%

Shares of Comcast stock opened at $29.30 on Friday. The business has a 50-day moving average of $32.01 and a 200-day moving average of $33.55. 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 company has a market capitalization of $108.18 billion, a PE ratio of 4.84, a P/E/G ratio of 1.74 and a beta of 0.94. Comcast Corporation has a 1-year low of $29.15 and a 1-year high of $45.31.

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

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. KeyCorp lowered their price target on Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Royal Bank Of Canada initiated coverage on Comcast in a report on Monday, September 8th. They issued a “sector perform” rating and a $38.00 price target for the company. Morgan Stanley set a $35.00 price target on Comcast and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Bank of America lowered their price target on Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.76.

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.