McKinley Carter Wealth Services Inc. Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

McKinley Carter Wealth Services Inc. boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,443 shares of the cable giant’s stock after buying an additional 1,099 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Comcast were worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth about $30,000. Iron Horse Wealth Management LLC grew its holdings in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC lifted its holdings in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CMCSA. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $37.55 on Wednesday. The company has a market capitalization of $143.69 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company’s fifty day moving average price is $39.12 and its 200 day moving average price is $40.17. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Insider Activity at Comcast

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

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.