Comcast Corporation $CMCSA Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.4% in the second quarter, Holdings Channel reports. The firm owned 357,736 shares of the cable giant’s stock after buying an additional 4,995 shares during the quarter. Comcast accounts for 0.3% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 29th biggest holding. HBK Sorce Advisory LLC’s holdings in Comcast were worth $12,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Cranbrook Wealth Management LLC boosted its stake in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter worth $29,000. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC boosted its stake in Comcast by 403.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $28.53 on Thursday. The company has a 50-day simple moving average of $31.65 and a 200-day simple moving average of $33.41. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $105.34 billion, a PE ratio of 4.72, a P/E/G ratio of 1.73 and a beta of 0.94. Comcast Corporation has a 52-week low of $28.46 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent research reports. Rosenblatt Securities decreased their price target on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Morgan Stanley set a $35.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Loop Capital reduced their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, Royal Bank Of Canada started coverage on shares of Comcast in a research note on Monday, September 8th. They issued a “sector perform” rating and a $38.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.52.

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.