Sheaff Brock Investment Advisors LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 148.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,802 shares of the cable giant’s stock after acquiring an additional 22,574 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Comcast were worth $1,598,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Clean Yield Group purchased a new stake in Comcast during the 1st quarter valued at approximately $25,000. Evolution Wealth Advisors LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC bought a new position in shares of Comcast during the 1st quarter valued at approximately $27,000. Bray Capital Advisors bought a new position in shares of Comcast during the 2nd quarter valued at approximately $30,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Comcast during the 2nd quarter valued at approximately $31,000. 82.66% of the stock is owned by institutional investors.
Shares of CMCSA traded up $1.23 during mid-day trading on Tuesday, reaching $43.69. The company’s stock had a trading volume of 13,446,225 shares, compared to its average volume of 17,328,588. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $45.29. The firm has a market capitalization of $194.84 billion, a PE ratio of 17.13, a PEG ratio of 1.18 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average price is $43.39.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Sell-side analysts forecast that Comcast Co. will post 3.07 EPS for the current fiscal year.
A number of analysts recently issued reports on CMCSA shares. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $54.00 in a research report on Wednesday, July 10th. Guggenheim upgraded Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a research note on Thursday, May 30th. Barclays raised their price target on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. BidaskClub lowered Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, 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 note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.44.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the firm’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 transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.35% of the company’s stock.
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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