JustInvest LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)


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JustInvest LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 48.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,957 shares of the cable giant’s stock after buying an additional 21,074 shares during the quarter. Comcast makes up approximately 0.5% of JustInvest LLC’s holdings, making the stock its 26th largest holding. JustInvest LLC’s holdings in Comcast were worth $3,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC boosted its holdings in Comcast by 21.9% in the first quarter. Sound View Wealth Advisors Group LLC now owns 35,958 shares of the cable giant’s stock valued at $1,946,000 after acquiring an additional 6,464 shares during the last quarter. US Bancorp DE increased its position in Comcast by 0.5% during the 1st quarter. US Bancorp DE now owns 2,884,093 shares of the cable giant’s stock worth $156,060,000 after purchasing an additional 14,344 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Comcast by 11.1% in the 1st quarter. Park Avenue Securities LLC now owns 82,072 shares of the cable giant’s stock valued at $4,441,000 after acquiring an additional 8,198 shares during the period. JJJ Advisors Inc. lifted its holdings in shares of Comcast by 54.3% during the 1st quarter. JJJ Advisors Inc. now owns 2,910 shares of the cable giant’s stock valued at $157,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Sonora Investment Management LLC increased its holdings in Comcast by 48.7% in the 1st quarter. Sonora Investment Management LLC now owns 4,907 shares of the cable giant’s stock valued at $266,000 after purchasing an additional 1,607 shares in the last quarter. 82.56% of the stock is owned by institutional investors.

In other news, CEO Brian L. Roberts sold 709,673 shares of the business’s stock in a transaction on Friday, April 30th. The shares were sold at an average price of $55.20, for a total transaction of $39,173,949.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.14% of the company’s stock.

Comcast stock traded down $0.15 during mid-day trading on Tuesday, reaching $56.42. The company’s stock had a trading volume of 417,415 shares, compared to its average volume of 18,147,564. Comcast Co. has a twelve month low of $34.17 and a twelve month high of $58.58. The firm has a market cap of $258.44 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 current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $55.07 and a 200-day moving average price of $51.36.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.17. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The company had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.

CMCSA has been the topic of several recent research reports. Pivotal Research boosted their price target on Comcast from $65.00 to $70.00 in a research report on Friday. Citigroup lifted their price objective on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. 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 research note on Wednesday, February 3rd. Wells Fargo & Company assumed coverage on shares of Comcast in a research note on Monday, March 22nd. They set an “underweight” rating and a $48.00 price objective on the stock. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $61.75.

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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