Comcast Co. (NASDAQ:CMCSA) Shares Bought by McLean Asset Management Corp

McLean Asset Management Corp grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,624 shares of the cable giant’s stock after acquiring an additional 624 shares during the period. McLean Asset Management Corp’s holdings in Comcast were worth $361,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. World Investment Advisors LLC boosted its holdings in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the period. Tidal Investments LLC boosted its holdings in shares of Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Comcast by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Comcast in the 3rd quarter valued at about $2,541,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

NASDAQ:CMCSA opened at $37.62 on Monday. The stock has a market cap of $143.95 billion, a P/E ratio of 10.11, a PEG ratio of 1.35 and a beta of 1.01. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a fifty day moving average price of $39.31 and a 200 day moving average price of $40.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CMCSA shares. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Transactions at Comcast

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

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.