Barlow Wealth Partners Inc. Invests $5.48 Million in Comcast Co. (NASDAQ:CMCSA)

Barlow Wealth Partners Inc. acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel reports. The fund acquired 124,990 shares of the cable giant’s stock, valued at approximately $5,481,000.

Several other large investors also recently added to or reduced their stakes in CMCSA. Greenwich Wealth Management LLC grew its stake in shares of Comcast by 2.6% during the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after buying an additional 220 shares during the period. Beaumont Asset Management L.L.C. increased its position in shares of Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services lifted its position in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares during the period. Finally, Forum Financial Management LP increased its holdings in shares of Comcast by 0.4% in the third quarter. Forum Financial Management LP now owns 57,388 shares of the cable giant’s stock valued at $2,545,000 after purchasing an additional 247 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Finally, Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Trading Up 1.5 %

Shares of CMCSA traded up $0.56 during midday trading on Wednesday, hitting $39.05. 22,394,197 shares of the stock were exchanged, compared to its average volume of 21,088,303. The stock has a fifty day simple moving average of $41.11 and a 200 day simple moving average of $42.29. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $153.22 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

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.