Secure Asset Management LLC Buys Shares of 6,564 Comcast Co. (NASDAQ:CMCSA)

Secure Asset Management LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,564 shares of the cable giant’s stock, valued at approximately $246,000.

A number of other institutional investors have also made changes to their positions in CMCSA. World Investment Advisors LLC grew its holdings in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Tidal Investments LLC grew its stake in Comcast by 15.2% in the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after acquiring an additional 22,684 shares during the period. Parnassus Investments LLC increased its holdings in shares of Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after acquiring an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC grew its position in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in Comcast during the 3rd quarter worth approximately $2,541,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA opened at $37.62 on Friday. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market capitalization of $143.95 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. The stock’s 50 day moving average price is $39.31 and its two-hundred day moving average price is $40.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMCSA shares. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Profile

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.