KCS Wealth Advisory boosted its position in Comcast Co. (NASDAQ:CMCSA) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,438 shares of the cable giant’s stock after purchasing an additional 1,107 shares during the period. Comcast makes up about 1.0% of KCS Wealth Advisory’s portfolio, making the stock its 19th largest holding. KCS Wealth Advisory’s holdings in Comcast were worth $1,287,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Commonwealth Equity Services LLC lifted its position in shares of Comcast by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock valued at $27,051,000 after acquiring an additional 19,495 shares during the last quarter. PDS Planning Inc acquired a new stake in Comcast during the 1st quarter valued at $226,000. JGP Wealth Management LLC raised its stake in Comcast by 1.6% during the 2nd quarter. JGP Wealth Management LLC now owns 98,942 shares of the cable giant’s stock valued at $4,183,000 after purchasing an additional 1,570 shares during the period. Ellis Investment Partners LLC raised its stake in Comcast by 3,908.4% during the 1st quarter. Ellis Investment Partners LLC now owns 300,389 shares of the cable giant’s stock valued at $300,000 after purchasing an additional 292,895 shares during the period. Finally, Lavaca Capital LLC raised its stake in Comcast by 67.5% during the 2nd quarter. Lavaca Capital LLC now owns 13,769 shares of the cable giant’s stock valued at $582,000 after purchasing an additional 5,551 shares during the period. Hedge funds and other institutional investors own 82.61% of the company’s stock.
Shares of NASDAQ:CMCSA opened at $42.66 on Friday. The company has a market capitalization of $190.94 billion, a PE ratio of 16.73, a PEG ratio of 1.16 and a beta of 1.08. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $45.29. The stock has a fifty day simple moving average of $43.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. Comcast’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 3.07 earnings per share for the current year.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.35% of the company’s stock.
CMCSA has been the topic of several recent analyst reports. ValuEngine downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Rosenblatt Securities started coverage on shares of Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price target on the stock. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Morgan Stanley upped their price target on shares of Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.44.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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