Koshinski Asset Management Inc. Buys 11,693 Shares of Comcast Co. (NASDAQ:CMCSA)

Koshinski Asset Management Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,277 shares of the cable giant’s stock after purchasing an additional 11,693 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Comcast were worth $1,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMCSA. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC boosted its position in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the period. Public Sector Pension Investment Board increased its holdings in Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP lifted its stake in Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after buying an additional 2,000,000 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Macquarie reissued a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Stock Up 1.1 %

Shares of CMCSA stock opened at $36.97 on Wednesday. The firm’s fifty day moving average price is $39.81 and its two-hundred day moving average price is $40.18. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $141.47 billion, a P/E ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal 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.