Ibex Wealth Advisors Takes Position in Comcast Co. (NASDAQ:CMCSA)

Ibex Wealth Advisors acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 191,555 shares of the cable giant's stock, valued at approximately $7,189,000.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its stake in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock valued at $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC increased its stake in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. SG Americas Securities LLC increased its stake in Comcast by 211.7% during the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant's stock valued at $120,739,000 after purchasing an additional 1,963,246 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant's stock valued at $318,036,000 after purchasing an additional 1,833,453 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMCSA shares. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Morgan Stanley lowered shares of Comcast from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Rosenblatt Securities reissued a "neutral" rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, Macquarie reissued a "neutral" rating and set a $42.00 price target on shares of Comcast in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus price target of $47.33.

Comcast Trading Down 11.0 %

Shares of CMCSA traded down $4.11 during trading on Thursday, reaching $33.25. 76,558,001 shares of the company traded hands, compared to its average volume of 25,315,699. The stock has a 50-day simple moving average of $39.01 and a 200-day simple moving average of $40.15. 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 Co. has a twelve month low of $32.50 and a twelve month high of $47.11. The stock has a market cap of $127.23 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction 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 approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction 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 transaction, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. 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.