Purkiss Capital Advisors LLC Invests $335,000 in Comcast Corporation $CMCSA

Purkiss Capital Advisors LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,398 shares of the cable giant’s stock, valued at approximately $335,000.

Other large investors also recently modified their holdings of the company. Dodge & Cox boosted its stake in shares of 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 in the last quarter. 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 bought a new stake in Comcast during the 1st quarter valued at approximately $940,015,000. Harris Associates L P boosted its position in Comcast by 0.5% during the 1st quarter. Harris Associates L P now owns 20,594,519 shares of the cable giant’s stock valued at $759,938,000 after acquiring an additional 111,662 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Comcast by 2.2% during the 1st quarter. Raymond James Financial Inc. now owns 20,243,358 shares of the cable giant’s stock valued at $746,980,000 after acquiring an additional 427,705 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

CMCSA stock opened at $29.42 on Tuesday. The stock has a market capitalization of $108.62 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 12-month low of $29.15 and a 12-month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $31.84 and its 200 day simple moving average is $33.48.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMCSA. Sanford C. Bernstein dropped their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 10th. Rosenblatt Securities dropped their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 17th. Arete Research upgraded shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Company 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.