Geneos Wealth Management Inc. Buys 6,241 Shares of Comcast Co. (NASDAQ:CMCSA)

Geneos Wealth Management Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,577 shares of the cable giant’s stock after acquiring an additional 6,241 shares during the period. Geneos Wealth Management Inc.’s holdings in Comcast were worth $4,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC increased its stake in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth about $30,000. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Trading Up 0.4 %

NASDAQ CMCSA opened at $37.62 on Friday. The stock has a market cap of $143.95 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a fifty day simple moving average of $39.31 and a two-hundred day simple moving average of $40.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Finally, Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

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.