Capital Investment Advisors LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)


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Capital Investment Advisors LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,962 shares of the cable giant’s stock after acquiring an additional 1,104 shares during the quarter. Capital Investment Advisors LLC’s holdings in Comcast were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CMCSA. Cordant Inc. increased its position in shares of Comcast by 4.9% during the 1st quarter. Cordant Inc. now owns 4,017 shares of the cable giant’s stock worth $217,000 after purchasing an additional 186 shares in the last quarter. WNY Asset Management LLC increased its position in Comcast by 4.8% in the 1st quarter. WNY Asset Management LLC now owns 4,224 shares of the cable giant’s stock valued at $229,000 after acquiring an additional 194 shares in the last quarter. Rothschild Investment Corp IL increased its position in Comcast by 1.8% in the 1st quarter. Rothschild Investment Corp IL now owns 10,979 shares of the cable giant’s stock valued at $594,000 after acquiring an additional 199 shares in the last quarter. Cypress Capital Group increased its position in Comcast by 0.7% in the 4th quarter. Cypress Capital Group now owns 28,306 shares of the cable giant’s stock valued at $1,484,000 after acquiring an additional 200 shares in the last quarter. Finally, Marathon Capital Management increased its position in Comcast by 3.2% in the 4th quarter. Marathon Capital Management now owns 6,390 shares of the cable giant’s stock valued at $334,000 after acquiring an additional 200 shares in the last quarter. 82.56% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on CMCSA. Citigroup raised their target price on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. Evercore ISI lifted their price objective on shares of Comcast from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday. Credit Suisse Group lifted their price objective on shares of Comcast from $61.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 24th. Truist lifted their price objective on shares of Comcast from $50.00 to $60.00 in a research note on Friday, January 29th. Finally, Macquarie lifted their price objective on shares of Comcast from $53.00 to $58.00 in a research note on Thursday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $61.15.

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

Shares of CMCSA opened at $56.57 on Tuesday. The company has a market cap of $259.13 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.69 and a beta of 0.99. Comcast Co. has a 1-year low of $34.17 and a 1-year high of $58.58. The company’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $51.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $27.21 billion for the quarter, compared to the consensus estimate of $26.83 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts forecast that Comcast Co. will post 2.54 earnings per share for the current year.

About Comcast

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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