McAdam LLC Has $523,000 Stake in Comcast Co. (NASDAQ:CMCSA)

McAdam LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 27.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,511 shares of the cable giant’s stock after acquiring an additional 2,665 shares during the quarter. McAdam LLC’s holdings in Comcast were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Wealthcare Advisory Partners LLC increased its stake in Comcast by 8.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 50,406 shares of the cable giant’s stock valued at $2,185,000 after acquiring an additional 4,059 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Comcast by 0.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 808,607 shares of the cable giant’s stock worth $35,053,000 after buying an additional 5,824 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Comcast by 34.7% during the first quarter. Indiana Trust & Investment Management CO now owns 2,149 shares of the cable giant’s stock worth $93,000 after buying an additional 554 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Comcast during the first quarter worth $98,000. Finally, Kathmere Capital Management LLC grew its stake in shares of Comcast by 31.6% during the first quarter. Kathmere Capital Management LLC now owns 11,164 shares of the cable giant’s stock worth $484,000 after buying an additional 2,683 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CMCSA shares. Macquarie reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. KeyCorp decreased their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Scotiabank boosted their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Barclays cut their price target on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus target price of $45.58.

Comcast Price Performance

CMCSA stock opened at $41.65 on Friday. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company’s fifty day simple moving average is $40.44 and its 200 day simple moving average is $39.45.

Comcast (NASDAQ:CMCSA) last released its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.23 earnings per share for the current year.

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.