Qtron Investments LLC Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)
Qtron Investments LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 117.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,696 shares of the cable giant’s stock after purchasing an additional 12,798 shares during the period. Qtron Investments LLC’s holdings in Comcast were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of CMCSA. Commonwealth Equity Services LLC grew its position in Comcast by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after acquiring an additional 19,495 shares during the period. Chesley Taft & Associates LLC grew its position in Comcast by 4.0% in the second quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock worth $1,838,000 after acquiring an additional 1,675 shares during the period. Cibc Bank USA grew its position in Comcast by 23.1% in the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock worth $1,145,000 after acquiring an additional 5,079 shares during the period. Cypress Capital Management LLC purchased a new position in Comcast in the second quarter worth approximately $8,070,000. Finally, Ironwood Investment Counsel LLC grew its position in Comcast by 0.5% in the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.
Several research analysts recently weighed in on CMCSA shares. Guggenheim upgraded Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective for the company in a research report on Thursday, May 30th. Morgan Stanley upped their price target on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Macquarie initiated coverage on Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target on the stock. Oppenheimer upgraded Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Thursday, September 5th. Finally, Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.97.
Shares of NASDAQ CMCSA traded down $0.08 during mid-day trading on Friday, hitting $46.89. The company had a trading volume of 647,695 shares, compared to its average volume of 14,433,347. The company has a market capitalization of $211.11 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $47.27. The business’s 50-day simple moving average is $43.82 and its 200 day simple moving average is $42.27.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. On average, analysts expect that Comcast Co. will post 3.09 EPS for the current 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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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