Whipplewood Advisors LLC Buys 592 Shares of Comcast Corporation $CMCSA

Whipplewood Advisors LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 106.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,146 shares of the cable giant’s stock after purchasing an additional 592 shares during the period. Whipplewood Advisors LLC’s holdings in Comcast were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Foster Group Inc. lifted its stake in Comcast by 4.0% in the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 282 shares during the last quarter. Argyle Capital Management LLC boosted its stake in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after acquiring an additional 300 shares in the last quarter. Clearstead Trust LLC lifted its stake in shares of Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock valued at $227,000 after buying an additional 305 shares in the last quarter. Webster Bank N. A. lifted its position in shares of Comcast by 2.9% during the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after purchasing an additional 305 shares in the last quarter. Finally, United Asset Strategies Inc. lifted its position in shares of Comcast by 2.2% during the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.5%

Shares of CMCSA opened at $29.42 on Tuesday. The firm has a market cap of $108.62 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a fifty-two week low of $29.15 and a fifty-two week high of $45.31. The firm has a 50 day moving average price of $31.84 and a 200-day moving average price of $33.48.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. KeyCorp dropped their price target on shares of Comcast from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Scotiabank restated a “sector perform” rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Finally, Barclays decreased their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. One research 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.76.

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.