Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 69,167 shares of the cable giant’s stock after purchasing an additional 605 shares during the period. Graybill Wealth Management LTD.’s holdings in Comcast were worth $2,889,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $26,000. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. IAG Wealth Partners LLC lifted 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. Archer Investment Corp lifted its stake in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of Comcast during the 2nd quarter worth $36,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMCSA shares. Pivotal Research reduced their target price on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Trading Up 3.2 %

Shares of CMCSA stock traded up $1.30 on Tuesday, reaching $41.83. 6,682,793 shares of the stock were exchanged, compared to its average volume of 19,508,896. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The stock has a market cap of $164.13 billion, a PE ratio of 10.72, a P/E/G ratio of 1.10 and a beta of 1.01. The stock has a 50 day moving average price of $40.34 and a 200 day moving average price of $39.43.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $30.02 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.23 EPS 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.