VCI Wealth Management LLC Purchases Shares of 44,192 Comcast Co. (NASDAQ:CMCSA)

VCI Wealth Management LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,192 shares of the cable giant's stock, valued at approximately $1,659,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in Comcast in the 2nd quarter worth approximately $3,587,000. SkyView Investment Advisors LLC raised its holdings in shares of Comcast by 14.9% during the second quarter. SkyView Investment Advisors LLC now owns 11,821 shares of the cable giant's stock worth $463,000 after purchasing an additional 1,532 shares during the last quarter. Ascent Group LLC lifted its position in Comcast by 6.6% during the second quarter. Ascent Group LLC now owns 62,262 shares of the cable giant's stock valued at $2,438,000 after purchasing an additional 3,834 shares during the period. NewEdge Advisors LLC boosted its holdings in Comcast by 2.1% in the second quarter. NewEdge Advisors LLC now owns 549,745 shares of the cable giant's stock valued at $21,528,000 after purchasing an additional 11,206 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. acquired a new stake in Comcast during the 2nd quarter worth about $276,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CMCSA shares. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Evercore ISI upgraded Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Morgan Stanley downgraded shares of Comcast from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.33.

Comcast Trading Down 1.8 %

Shares of CMCSA traded down $0.68 during mid-day trading on Tuesday, reaching $37.55. The company had a trading volume of 17,895,195 shares, compared to its average volume of 22,524,033. The stock has a market cap of $143.69 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $39.21 and a 200-day simple moving average of $40.18. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11.

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

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents 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 the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, 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 position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate 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.