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.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, analysts predict that Comcast Co. will post 3.09 earnings per share for the current year.

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 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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