PFG Advisors boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 32.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,129 shares of the cable giant’s stock after buying an additional 2,001 shares during the period. PFG Advisors’ holdings in Comcast were worth $440,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cordant Inc. raised its position in Comcast by 4.9% in the 1st quarter. Cordant Inc. now owns 4,017 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 186 shares during the last quarter. WNY Asset Management LLC raised its position in Comcast by 4.8% in the 1st quarter. WNY Asset Management LLC now owns 4,224 shares of the cable giant’s stock valued at $229,000 after purchasing an additional 194 shares during the last quarter. Rothschild Investment Corp IL raised its position in Comcast by 1.8% in the 1st quarter. Rothschild Investment Corp IL now owns 10,979 shares of the cable giant’s stock valued at $594,000 after purchasing an additional 199 shares during the last quarter. Cypress Capital Group increased its stake in Comcast by 0.7% in the 4th quarter. Cypress Capital Group now owns 28,306 shares of the cable giant’s stock valued at $1,484,000 after buying an additional 200 shares during the period. Finally, Marathon Capital Management increased its stake in Comcast by 3.2% in the 4th quarter. Marathon Capital Management now owns 6,390 shares of the cable giant’s stock valued at $334,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 82.56% of the company’s stock.
In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.14% of the stock is owned by company insiders.
Shares of CMCSA stock opened at $56.57 on Tuesday. The firm has a market cap of $259.13 billion, a P/E ratio of 25.37, a PEG ratio of 1.69 and a beta of 0.99. Comcast Co. has a 1-year low of $34.17 and a 1-year high of $58.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day simple moving average is $55.07 and its 200-day simple moving average is $51.36.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. The firm had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts expect that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
CMCSA has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Comcast from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Friday. Barclays boosted their price objective on shares of Comcast from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 1st. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday. Citigroup upped their price target on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Finally, Macquarie upped their price target on shares of Comcast from $53.00 to $58.00 in a research note on Thursday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $61.15.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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