Hi Line Capital Management LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 200,319 shares of the cable giant’s stock after acquiring an additional 1,804 shares during the quarter. Comcast comprises 3.9% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Hi Line Capital Management LLC’s holdings in Comcast were worth $8,469,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Comcast by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares during the last quarter. USS Investment Management Ltd lifted its stake in shares of Comcast by 7.3% in the first quarter. USS Investment Management Ltd now owns 6,208,145 shares of the cable giant’s stock worth $248,109,000 after buying an additional 423,687 shares during the last quarter. Carderock Capital Management Inc. lifted its stake in shares of Comcast by 11.8% in the first quarter. Carderock Capital Management Inc. now owns 122,465 shares of the cable giant’s stock worth $4,896,000 after buying an additional 12,912 shares during the last quarter. Monte Financial Group LLC lifted its stake in shares of Comcast by 4.2% in the first quarter. Monte Financial Group LLC now owns 46,755 shares of the cable giant’s stock worth $1,869,000 after buying an additional 1,900 shares during the last quarter. Finally, Brio Consultants LLC acquired a new stake in shares of Comcast in the first quarter worth $223,000. 82.63% of the stock is owned by institutional investors and hedge funds.
CMCSA has been the subject of a number of analyst reports. Wells Fargo & Co initiated coverage on shares of Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Rosenblatt Securities initiated coverage on shares of Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective for the company. Morgan Stanley upped their target price on shares of Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Raymond James cut shares of 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. Finally, BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.97.
Shares of Comcast stock opened at $47.03 on Friday. The firm has a market capitalization of $211.11 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. The company’s fifty day moving average price is $43.82 and its two-hundred day moving average price is $42.27. Comcast Co. has a 52-week low of $32.61 and a 52-week high of $47.27.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Analysts predict that Comcast Co. will post 3.09 earnings per share for the current fiscal year.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the sale, the director now owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.
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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