McKinley Carter Wealth Services Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,188 shares of the cable giant’s stock after purchasing an additional 643 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Comcast were worth $473,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Comcast in the 4th quarter worth approximately $1,590,157,000. Nordea Investment Management AB boosted its holdings in Comcast by 67.5% in the 1st quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock worth $690,651,000 after acquiring an additional 6,960,677 shares during the period. Geode Capital Management LLC boosted its holdings in Comcast by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after acquiring an additional 5,992,911 shares during the period. Boston Partners boosted its holdings in Comcast by 7.8% in the 1st quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock worth $1,371,169,000 after acquiring an additional 2,472,741 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Comcast by 52.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,424,504 shares of the cable giant’s stock worth $228,465,000 after acquiring an additional 1,862,621 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.
Shares of CMCSA stock traded up $0.83 on Friday, hitting $43.18. 14,052,100 shares of the stock traded hands, compared to its average volume of 17,734,466. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $192.21 billion, a PE ratio of 16.93, a PEG ratio of 1.16 and a beta of 1.08. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $45.29. The company’s fifty day moving average is $43.42 and its 200 day moving average is $41.42.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, equities research analysts expect that Comcast Co. will post 3.07 EPS for the current year.
CMCSA has been the topic of a number of recent analyst reports. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 target price on the stock in a research report on Thursday, May 30th. Raymond James lowered Comcast from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Rosenblatt Securities initiated coverage on Comcast in a research report on Friday, June 14th. They issued a “buy” rating and a $50.00 target price on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $54.00 target price on shares of Comcast in a research report on Wednesday, June 26th. Finally, TD Securities upped their target price on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.44.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Further Reading: Retained Earnings
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