Tennessee Valley Asset Management Partners Invests $34,000 in Comcast Co. (NASDAQ:CMCSA)

Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, Holdings Channel reports. The fund acquired 776 shares of the cable giant’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Everett Harris & Co. CA boosted its position in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the last quarter. PFG Advisors boosted its position in Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Comcast during the third quarter valued at approximately $8,868,000. Orion Capital Management LLC acquired a new position in Comcast during the third quarter valued at approximately $90,000. Finally, Tritonpoint Wealth LLC acquired a new position in Comcast during the fourth quarter valued at approximately $275,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was 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 is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $40.36 on Wednesday. The business’s 50 day moving average is $41.75 and its 200-day moving average is $42.66. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. 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 market cap of $160.30 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

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

Analysts Set New Price Targets

Several brokerages recently commented on CMCSA. BNP Paribas reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Wells Fargo & Company cut their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

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.