WASHINGTON TRUST Co boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the 1st quarter, Holdings Channel reports. The firm owned 340,040 shares of the cable giant’s stock after acquiring an additional 5,920 shares during the period. WASHINGTON TRUST Co’s holdings in Comcast were worth $18,400,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Arlington Partners LLC bought a new stake in shares of Comcast in the fourth quarter valued at $30,000. Bogart Wealth LLC raised its stake in shares of Comcast by 274.7% in the first quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock valued at $30,000 after buying an additional 412 shares during the period. Sterling Financial Planning Inc. bought a new stake in shares of Comcast in the fourth quarter valued at $32,000. McCarthy Asset Management Inc. bought a new stake in shares of Comcast in the fourth quarter valued at $34,000. Finally, ADE LLC bought a new stake in shares of Comcast in the fourth quarter valued at $37,000. 82.56% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Brian L. Roberts sold 709,673 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $55.20, for a total transaction of $39,173,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.14% of the stock is currently owned by corporate insiders.
CMCSA opened at $56.57 on Tuesday. The business has a 50 day simple moving average of $55.07 and a two-hundred day simple moving average of $51.36. The firm has a market capitalization of $259.13 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.93 and a quick ratio of 0.93. Comcast Co. has a one year low of $34.17 and a one year high of $58.58.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The firm had revenue of $27.21 billion during the quarter, compared to analyst estimates of $26.83 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Truist boosted their price objective on Comcast from $50.00 to $60.00 in a research note on Friday, January 29th. Benchmark boosted their price objective on Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th. They noted that the move was a valuation call. TD Securities boosted their price objective on Comcast from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group upped their target price on Comcast from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday. One equities 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.75.
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.
Recommended Story: Ex-Dividend
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.