Cookson Peirce & Co. Inc. Makes New $253,000 Investment in Comcast Corporation $CMCSA

Cookson Peirce & Co. Inc. bought a new position in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,089 shares of the cable giant’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management increased its holdings in Comcast by 7.3% in the 2nd quarter. Brookstone Capital Management now owns 37,959 shares of the cable giant’s stock worth $1,355,000 after purchasing an additional 2,588 shares in the last quarter. Jacobsen Capital Management increased its holdings in Comcast by 13.5% in the 2nd quarter. Jacobsen Capital Management now owns 6,293 shares of the cable giant’s stock worth $225,000 after purchasing an additional 750 shares in the last quarter. St. James Investment Company LLC increased its holdings in Comcast by 1.1% in the 2nd quarter. St. James Investment Company LLC now owns 561,597 shares of the cable giant’s stock worth $20,043,000 after purchasing an additional 5,889 shares in the last quarter. BTS Asset Management Inc. increased its holdings in Comcast by 6.0% in the 2nd quarter. BTS Asset Management Inc. now owns 10,695 shares of the cable giant’s stock worth $382,000 after purchasing an additional 610 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Comcast by 6.1% in the 2nd quarter. D.A. Davidson & CO. now owns 141,740 shares of the cable giant’s stock worth $5,059,000 after purchasing an additional 8,168 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Rosenblatt Securities lowered their target price on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 17th. UBS Group set a $43.00 price target on Comcast in a research report on Friday, October 3rd. Scotiabank reaffirmed a “sector perform” rating and issued a $45.50 price objective (up from $45.00) on shares of Comcast in a research note on Monday, October 6th. The Goldman Sachs Group reduced their target price on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Arete Research upgraded Comcast to a “hold” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Comcast presently has a consensus rating of “Hold” and a consensus target price of $39.76.

Comcast Trading Down 0.3%

NASDAQ CMCSA opened at $29.30 on Friday. The business has a 50 day simple moving average of $32.01 and a 200 day simple moving average of $33.55. Comcast Corporation has a one year low of $29.15 and a one year high of $45.31. The stock has a market capitalization of $108.18 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last released its earnings results on Monday, March 13th. The cable giant reported $0.77 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 during the quarter. Research analysts expect that Comcast Corporation will post 4.33 earnings per share 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.