Aspire Growth Partners LLC Purchases Shares of 9,712 Comcast Co. (NASDAQ:CMCSA)

Aspire Growth Partners LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,712 shares of the cable giant’s stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.46 on Friday. The business has a fifty day simple moving average of $35.13 and a 200 day simple moving average of $37.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The firm has a market cap of $130.29 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent analyst reports. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Barclays dropped their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Finally, Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.10.

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.