Hedeker Wealth LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Hedeker Wealth LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,216 shares of the cable giant’s stock after buying an additional 578 shares during the quarter. Hedeker Wealth LLC’s holdings in Comcast were worth $4,186,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board raised its stake in Comcast by 25,881.7% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Comcast by 41.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Capital World Investors raised its stake in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after purchasing an additional 7,929,963 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Comcast by 80.9% during the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after purchasing an additional 4,714,586 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp cut their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Barclays cut their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Up 1.4 %

Shares of CMCSA stock traded up $0.59 during mid-day trading on Tuesday, hitting $42.43. 4,863,937 shares of the stock traded hands, compared to its average volume of 19,465,891. The stock has a market cap of $166.48 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.10 and a beta of 1.01. The stock’s fifty day moving average is $40.55 and its two-hundred day moving average is $39.48. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

About Comcast

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.