Alaska Permanent Fund Corp Buys Shares of 9,787 Comcast Co. (NASDAQ:CMCSA)

Alaska Permanent Fund Corp acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,787 shares of the cable giant’s stock, valued at approximately $429,000.

A number of other hedge funds have also made changes to their positions in the stock. Connecticut Wealth Management LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $205,000. Oak Harbor Wealth Partners LLC boosted its stake in shares of Comcast by 4.2% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 39,124 shares of the cable giant’s stock worth $1,735,000 after acquiring an additional 1,586 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Comcast in the 3rd quarter worth $39,000. Ropes Wealth Advisors LLC raised its position in shares of Comcast by 11.9% during the third quarter. Ropes Wealth Advisors LLC now owns 23,473 shares of the cable giant’s stock worth $1,041,000 after purchasing an additional 2,488 shares during the period. Finally, Campbell Newman Asset Management Inc. increased its stake in Comcast by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 566,200 shares of the cable giant’s stock worth $25,105,000 after purchasing an additional 2,192 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Scotiabank dropped their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

Comcast Stock Up 1.8 %

Shares of CMCSA stock opened at $38.57 on Friday. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market cap of $153.19 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The stock has a 50 day moving average of $41.58 and a 200-day moving average of $42.57.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the prior year, the company earned $0.92 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 4.23 EPS for the current year.

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.