Resonant Capital Advisors LLC Acquires 1,025 Shares of Comcast Co. (NASDAQ:CMCSA)

Resonant Capital Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,132 shares of the cable giant’s stock after acquiring an additional 1,025 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Comcast were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zhang Financial LLC grew its stake in Comcast by 150.6% during the fourth quarter. Zhang Financial LLC now owns 24,418 shares of the cable giant’s stock worth $1,071,000 after buying an additional 14,673 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in Comcast by 1.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 199,685 shares of the cable giant’s stock worth $8,756,000 after buying an additional 2,103 shares during the last quarter. HTLF Bank bought a new stake in Comcast during the fourth quarter worth about $703,000. Colton Groome Financial Advisors LLC bought a new stake in Comcast during the fourth quarter worth about $203,000. Finally, Fonville Wealth Management LLC bought a new stake in Comcast during the fourth quarter worth about $330,000. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.6 %

CMCSA opened at $40.24 on Friday. The firm’s fifty day moving average is $41.82 and its two-hundred day moving average is $42.71. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $159.83 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Equities research analysts anticipate that Comcast Co. will post 4.23 EPS for the current year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.74.

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.