Holderness Investments Co. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% in the second quarter, HoldingsChannel.com reports. The fund owned 35,055 shares of the cable giant’s stock after buying an additional 1,125 shares during the quarter. Holderness Investments Co.’s holdings in Comcast were worth $1,482,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Clean Yield Group acquired a new position in Comcast during the first quarter worth about $25,000. Evolution Wealth Advisors LLC acquired a new position in Comcast during the second quarter worth about $26,000. Mackey Komara & Dankovich LLC acquired a new position in Comcast during the first quarter worth about $27,000. Bray Capital Advisors acquired a new position in Comcast during the second quarter worth about $30,000. Finally, Litman Gregory Asset Management LLC acquired a new position in Comcast during the second quarter worth about $31,000. Institutional investors own 82.66% of the company’s stock.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the sale, the senior vice president now directly owns 4,712 shares in the company, valued at $195,359.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.35% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on the stock. Rosenblatt Securities assumed coverage on shares of Comcast in a research report on Friday, June 14th. They set a “buy” rating and a $50.00 target price for the company. TD Securities lifted their target price on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Macquarie began coverage on shares of Comcast in a report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.44.
Shares of NASDAQ CMCSA traded up $0.83 during midday trading on Friday, reaching $43.18. 14,052,100 shares of the stock were exchanged, compared to its average volume of 17,633,956. The company has a market capitalization of $195.97 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.16 and a beta of 1.08. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $45.29. 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 stock has a 50 day moving average price of $43.42 and a 200-day moving average price of $41.42.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Comcast’s revenue was up 23.6% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 3.07 earnings per share 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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