Wetzel Investment Advisors Inc. Acquires Shares of 8,738 Comcast Co. (NASDAQ:CMCSA)

Wetzel Investment Advisors Inc. acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,738 shares of the cable giant’s stock, valued at approximately $383,000.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Keystone Financial Services grew its position in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares during the last quarter. Capital Investment Advisors LLC grew its position in Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Ironwood Financial llc grew its position in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 238 shares during the last quarter. Welch Group LLC grew its position in Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 239 shares during the last quarter. Finally, Tradewinds LLC. grew its position in Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after purchasing an additional 241 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded up $0.62 during trading hours on Friday, reaching $40.24. 24,227,475 shares of the stock traded hands, compared to its average volume of 20,663,566. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The company’s 50-day moving average price is $41.82 and its two-hundred day moving average price is $42.71. The company has a market cap of $159.83 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. On average, analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMCSA. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Company lowered their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a 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 $49.74.

Comcast Company 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.