Gladstone Institutional Advisory LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,535 shares of the cable giant’s stock, valued at approximately $445,000.
A number of other hedge funds also recently added to or reduced their stakes in CMCSA. Krane Funds Advisors LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $26,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Comcast in the 1st quarter worth approximately $27,000. Bray Capital Advisors bought a new stake in shares of Comcast in the 2nd quarter worth approximately $30,000. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 82.59% of the company’s stock.
In other news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares in the company, valued at approximately $1,333,023.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.
A number of equities research analysts recently commented on the stock. Guggenheim raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a report on Thursday, May 30th. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $54.00 in a report on Wednesday, July 10th. Wells Fargo & Co assumed coverage on shares of Comcast in a report on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price target on the stock. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Five analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.97.
Shares of CMCSA traded down $0.07 during mid-day trading on Wednesday, reaching $46.60. 190,663 shares of the stock traded hands, compared to its average volume of 14,228,118. The firm has a fifty day moving average price of $44.02 and a 200 day moving average price of $42.47. The company has a market cap of $213.07 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. On average, sell-side analysts anticipate that Comcast Co. will post 3.09 EPS for the current year.
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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