Comcast Co. (NASDAQ:CMCSA) Shares Sold by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,137 shares of the cable giant’s stock after selling 323 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Comcast were worth $1,327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CMCSA. Van ECK Associates Corp boosted its holdings in Comcast by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,605,319 shares of the cable giant’s stock valued at $67,873,000 after acquiring an additional 96,847 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in Comcast by 3.1% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 203,930 shares of the cable giant’s stock valued at $8,622,000 after acquiring an additional 6,139 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Comcast by 1.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,891,376 shares of the cable giant’s stock valued at $163,438,000 after acquiring an additional 74,391 shares during the period. Schnieders Capital Management LLC boosted its holdings in Comcast by 4.3% during the 2nd quarter. Schnieders Capital Management LLC now owns 21,352 shares of the cable giant’s stock valued at $903,000 after acquiring an additional 881 shares during the period. Finally, RB Capital Management LLC boosted its holdings in Comcast by 32.0% during the 2nd quarter. RB Capital Management LLC now owns 8,610 shares of the cable giant’s stock valued at $364,000 after acquiring an additional 2,085 shares during the period. 82.85% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Pivotal Research restated a “buy” rating and set a $54.00 target price on shares of Comcast in a report on Wednesday, June 26th. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $44.00 to $54.00 in a report on Wednesday, July 10th. Morgan Stanley raised their target price on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 26th. TD Securities raised their target price on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $21.00 in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.25.

In other news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction dated 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 owns 4,712 shares of the company’s stock, valued at approximately $195,359.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Shares of CMCSA traded down $1.34 during midday trading on Friday, hitting $42.43. The company had a trading volume of 13,643,939 shares, compared to its average volume of 16,238,942. The company’s 50-day simple moving average is $43.54 and its 200-day simple moving average is $41.59. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $198.93 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.20 and a beta of 1.08. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $45.29.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s quarterly revenue was up 23.6% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 3.08 earnings per share for the current fiscal year.

Comcast 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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