Waterway Wealth Management LLC Has $599,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Waterway Wealth Management LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 31.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,339 shares of the cable giant’s stock after purchasing an additional 3,464 shares during the quarter. Waterway Wealth Management LLC’s holdings in Comcast were worth $599,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors lifted its stake in Comcast by 7.4% in 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 acquiring an additional 7,929,963 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Comcast by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Comcast by 41.7% in 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 acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Comcast by 25,881.7% in 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 acquiring an additional 10,809,231 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after acquiring an additional 219,894 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $40.53 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market cap of $159.02 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 1.10 and a beta of 1.01. The firm’s 50-day simple moving average is $40.34 and its 200 day simple moving average is $39.43.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating 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 firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same period last year, the firm earned $1.13 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, July 24th. Scotiabank raised their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday. Barclays cut their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. KeyCorp cut their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and a consensus price target of $45.58.

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.