Onyx Bridge Wealth Group LLC Acquires 622 Shares of Comcast Corporation $CMCSA

Onyx Bridge Wealth Group LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,050 shares of the cable giant’s stock after buying an additional 622 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Comcast were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dodge & Cox increased its position in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Comcast by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant’s stock valued at $1,240,955,000 after purchasing an additional 926,663 shares in the last quarter. Nuveen LLC purchased a new position in shares of Comcast during the first quarter valued at about $940,015,000. Harris Associates L P raised its stake in Comcast by 0.5% in the first quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock worth $759,938,000 after buying an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Comcast by 2.2% in the first quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock worth $746,980,000 after buying an additional 427,705 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $29.40 on Thursday. The firm has a market cap of $108.55 billion, a PE ratio of 4.86, a P/E/G ratio of 1.77 and a beta of 0.94. The stock has a 50-day moving average price of $32.08 and a 200-day moving average price of $33.58. Comcast Corporation has a 1 year low of $29.15 and a 1 year high of $45.31. 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 quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion during the quarter. Sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Tuesday, October 14th. Scotiabank reiterated a “sector perform” rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. UBS Group set a $43.00 price objective on Comcast in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average 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.