Genesee Capital Advisors LLC Makes New $201,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Genesee Capital Advisors LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,821 shares of the cable giant’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Investment Advisors LLC raised its holdings in Comcast by 4.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after acquiring an additional 1,550 shares in the last quarter. First Hawaiian Bank grew its position in Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares during the last quarter. BNP Paribas bought a new stake in Comcast during the 1st quarter worth approximately $4,117,000. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the last quarter. Finally, American National Bank & Trust Co. VA bought a new stake in Comcast during the 1st quarter worth approximately $426,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMCSA. KeyCorp cut their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Scotiabank boosted their price objective on Comcast from $47.25 to $47.75 and gave the company a “sector perform” rating in a research report on Friday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Macquarie reiterated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Trading Down 2.7 %

Shares of NASDAQ CMCSA traded down $1.12 during trading on Monday, reaching $40.81. The company had a trading volume of 6,454,424 shares, compared to its average volume of 19,525,297. The company’s fifty day moving average price is $40.30 and its 200-day moving average price is $39.44. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market cap of $160.12 billion, a P/E ratio of 11.09, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

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