Buck Wealth Strategies LLC Makes New $9.72 Million Investment in Comcast Corporation $CMCSA

Buck Wealth Strategies LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 325,187 shares of the cable giant’s stock, valued at approximately $9,720,000.

Other large investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Comcast during the 3rd quarter worth about $26,000. United Financial Planning Group LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its stake in shares of Comcast by 212.6% during the fourth quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 691 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Comcast in the fourth quarter worth $33,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Comcast Trading Down 3.2%

Shares of NASDAQ CMCSA opened at $25.39 on Friday. The stock has a market cap of $90.71 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 2.11 and a beta of 0.71. The business has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $28.93. Comcast Corporation has a 52 week low of $25.35 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. On average, research analysts predict that Comcast Corporation will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. Barclays set a $28.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Zacks Research raised shares of Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $37.00 in a report on Monday, January 12th. Royal Bank Of Canada upped their price objective on shares of Comcast from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane cut their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.94.

View Our Latest Analysis on CMCSA

About Comcast

(Free Report)

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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