Brookstone Capital Management Grows Stock Holdings in Comcast Corporation $CMCSA

Brookstone Capital Management boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 7.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,959 shares of the cable giant’s stock after acquiring an additional 2,588 shares during the period. Brookstone Capital Management’s holdings in Comcast were worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the period. Global Trust Asset Management LLC grew its stake in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after buying an additional 671 shares during the period. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter valued at $29,000. Ransom Advisory Ltd purchased a new stake in shares of Comcast during the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC grew its stake in shares of Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock valued at $31,000 after buying an additional 686 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 0.1%

Shares of Comcast stock opened at $29.28 on Friday. Comcast Corporation has a twelve month low of $29.15 and a twelve month high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 4.84, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The company has a fifty day moving average price of $31.92 and a 200 day moving average price of $33.53.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The firm had revenue of $30.34 billion for the quarter. Equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMCSA. Citigroup reissued a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. KeyCorp lowered their price objective on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Bank of America lowered their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.76.

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.