8,738 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,738 shares of the cable giant’s stock, valued at approximately $383,000.

A number of other large investors have also recently bought and sold shares of CMCSA. Keystone Financial Services grew its position in shares of Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the period. Capital Investment Advisors LLC grew its position in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after acquiring an additional 238 shares during the period. Ironwood Financial llc grew its position in shares of Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after acquiring an additional 238 shares during the period. Welch Group LLC grew its position in shares of Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 239 shares during the period. Finally, Tradewinds LLC. grew its position in shares of Comcast by 1.3% in the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after acquiring an additional 241 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Rosenblatt Securities lifted their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Wells Fargo & Company reduced their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.74.

Comcast Trading Up 1.6 %

CMCSA traded up $0.62 during trading on Friday, reaching $40.24. 24,227,475 shares of the company’s stock were exchanged, compared to its average volume of 20,663,566. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average price of $41.82 and a two-hundred day moving average price of $42.71. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The stock has a market capitalization of $159.83 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities research analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is owned by insiders.

Comcast 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.