Marino Stram & Associates LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Marino Stram & Associates LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 30.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,943 shares of the cable giant’s stock after buying an additional 1,836 shares during the period. Marino Stram & Associates LLC’s holdings in Comcast were worth $332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. raised its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter worth about $26,000. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Financial Synergies Wealth Advisors Inc. grew its stake in Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 593 shares in the last quarter. Finally, IAG Wealth Partners LLC raised its holdings in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Barclays cut their price objective on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Performance

Shares of Comcast stock traded down $1.08 on Monday, reaching $40.85. 4,636,879 shares of the stock were exchanged, compared to its average volume of 19,516,344. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $39.44. The firm has a market capitalization of $160.28 billion, a PE ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

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.