Comcast Co. (NASDAQ:CMCSA) Shares Purchased by US Bancorp DE
US Bancorp DE increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340,711 shares of the cable giant’s stock after purchasing an additional 91,387 shares during the quarter. US Bancorp DE owned 0.05% of Comcast worth $98,964,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in shares of Comcast in the first quarter valued at approximately $25,000. Krane Funds Advisors LLC purchased a new stake in shares of Comcast during the second quarter worth approximately $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Comcast during the second quarter worth approximately $26,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Comcast during the first quarter worth approximately $27,000. Finally, Bray Capital Advisors purchased a new stake in Comcast in the 2nd quarter valued at $30,000. 82.63% of the stock is owned by hedge funds and other institutional investors.
CMCSA stock traded down $0.09 during mid-day trading on Friday, reaching $46.88. The company had a trading volume of 3,408,192 shares, compared to its average volume of 14,433,347. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $211.11 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The firm has a fifty day simple moving average of $43.82 and a 200 day simple moving average of $42.27. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $47.27.
Several analysts have issued reports on the company. Morgan Stanley upped their target price on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 26th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Co assumed coverage on Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price target on the stock. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a research note on Thursday, May 30th. Finally, Bank of America set a $58.00 price target on Comcast and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.97.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at approximately $151,222.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
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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