Sonora Investment Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 48.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,907 shares of the cable giant’s stock after acquiring an additional 1,607 shares during the quarter. Sonora Investment Management LLC’s holdings in Comcast were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Stillwater Investment Management LLC lifted its stake in shares of Comcast by 3.6% in the fourth quarter. Stillwater Investment Management LLC now owns 68,290 shares of the cable giant’s stock worth $3,578,000 after buying an additional 2,344 shares in the last quarter. Red Spruce Capital LLC raised its stake in shares of Comcast by 2.3% in the 4th quarter. Red Spruce Capital LLC now owns 43,838 shares of the cable giant’s stock valued at $2,297,000 after acquiring an additional 986 shares during the period. Private Trust Co. NA raised its stake in shares of Comcast by 6.6% in the 4th quarter. Private Trust Co. NA now owns 58,146 shares of the cable giant’s stock valued at $3,046,000 after acquiring an additional 3,607 shares during the period. Woodstock Corp raised its stake in shares of Comcast by 3.0% in the 4th quarter. Woodstock Corp now owns 197,065 shares of the cable giant’s stock valued at $10,326,000 after acquiring an additional 5,786 shares during the period. Finally, HGK Asset Management Inc. raised its stake in shares of Comcast by 1.8% in the 4th quarter. HGK Asset Management Inc. now owns 94,795 shares of the cable giant’s stock valued at $4,967,000 after acquiring an additional 1,661 shares during the period. 82.56% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on CMCSA. Truist boosted their price target on shares of Comcast from $50.00 to $60.00 in a research note on Friday, January 29th. Cowen upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $56.00 to $60.00 in a report on Wednesday, February 3rd. Citigroup lifted their price objective on shares of Comcast from $59.00 to $62.00 in a report on Friday, April 9th. TD Securities lifted their price objective on shares of Comcast from $68.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Finally, Benchmark boosted their price objective on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $61.75.
In other Comcast news, CEO Brian L. Roberts sold 709,673 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.14% of the company’s stock.
CMCSA stock traded up $0.42 during trading on Tuesday, hitting $56.57. 179 shares of the company’s stock traded hands, compared to its average volume of 18,147,564. The stock has a fifty day moving average price of $55.07 and a two-hundred day moving average price of $51.36. The stock has a market capitalization of $259.13 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. Comcast Co. has a 52 week low of $34.17 and a 52 week high of $58.58.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 EPS for the quarter, topping the consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion during the quarter, compared to analyst estimates of $26.83 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal 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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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