Drucker Wealth 3.0 LLC Buys 19,916 Shares of Comcast Corporation $CMCSA

Drucker Wealth 3.0 LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 92.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,539 shares of the cable giant’s stock after purchasing an additional 19,916 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Comcast were worth $1,242,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in Comcast during the 3rd quarter valued at $26,000. United Financial Planning Group LLC bought a new stake in Comcast during the 3rd quarter valued at $28,000. Olistico Wealth LLC bought a new stake in Comcast during the 4th quarter valued at $29,000. Richardson Financial Services Inc. increased its stake in Comcast by 212.6% during the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares in the last quarter. Finally, Lodestone Wealth Management LLC bought a new stake in Comcast during the 4th quarter valued at $33,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 3.2%

CMCSA opened at $25.39 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $29.08 and its 200 day moving average is $28.93. Comcast Corporation has a fifty-two week low of $25.35 and a fifty-two week high of $36.66. The firm has a market capitalization of $90.71 billion, a P/E ratio of 5.00, a PEG ratio of 2.11 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the firm earned $1.09 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Research analysts expect that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $37.00 in a research note on Monday, January 12th. Rosenblatt Securities restated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. UBS Group decreased their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. TD Cowen decreased their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Comcast in a research note on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $34.94.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.