Roof Eidam Maycock Peralta LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Roof Eidam Maycock Peralta LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,487 shares of the cable giant’s stock after purchasing an additional 1,200 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in Comcast were worth $1,524,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMCSA. Waterway Wealth Management LLC lifted its holdings in shares of Comcast by 31.9% in the 3rd quarter. Waterway Wealth Management LLC now owns 14,339 shares of the cable giant’s stock valued at $599,000 after buying an additional 3,464 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Comcast by 2.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 17,901 shares of the cable giant’s stock valued at $748,000 after buying an additional 477 shares during the period. Whittier Trust Co. lifted its holdings in shares of Comcast by 0.7% in the 3rd quarter. Whittier Trust Co. now owns 423,138 shares of the cable giant’s stock valued at $17,674,000 after buying an additional 3,091 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Comcast in the 3rd quarter valued at about $86,000. Finally, Genesee Capital Advisors LLC acquired a new position in shares of Comcast in the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMCSA shares. Evercore ISI decreased their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Scotiabank upped their price target on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. Barclays reduced their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, KeyCorp reduced their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

CMCSA stock opened at $40.53 on Tuesday. The business has a fifty day moving average of $40.34 and a two-hundred day moving average of $39.43. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a market cap of $159.02 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, research analysts anticipate 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.