Chicago Capital LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Chicago Capital LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,226 shares of the cable giant’s stock after purchasing an additional 1,177 shares during the period. Chicago Capital LLC’s holdings in Comcast were worth $970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Steph & Co. raised its holdings in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. Fairscale Capital LLC acquired a new position in shares of Comcast during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Comcast during the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. Finally, Archer Investment Corp increased its holdings in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Pivotal Research dropped their price target on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Scotiabank upped their target price on shares of Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a report on Friday. KeyCorp decreased their price target 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. Evercore ISI lowered their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.58.

Comcast Stock Down 0.7 %

Comcast stock opened at $41.93 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50 day moving average price of $40.30 and a 200 day moving average price of $39.44. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market capitalization of $164.52 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Research 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.