Usca Ria LLC Acquires Shares of 57,241 Comcast Co. (NASDAQ:CMCSA)

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Usca Ria LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 57,241 shares of the cable giant’s stock, valued at approximately $2,420,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Commonwealth Equity Services LLC boosted its position in shares of Comcast by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after purchasing an additional 19,495 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Comcast by 4.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock worth $1,838,000 after purchasing an additional 1,675 shares during the last quarter. PDS Planning Inc acquired a new stake in Comcast during the 1st quarter worth $226,000. Cibc Bank USA raised its stake in Comcast by 23.1% during the 2nd quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock worth $1,145,000 after buying an additional 5,079 shares during the period. Finally, Ironwood Investment Counsel LLC raised its stake in Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 82.66% of the company’s stock.

In other news, SVP Daniel C. Murdock sold 1,701 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.35% of the company’s stock.

Shares of CMCSA traded up $0.83 during midday trading on Friday, hitting $43.18. The stock had a trading volume of 14,052,100 shares, compared to its average volume of 17,734,466. The company has a 50 day simple moving average of $43.42 and a two-hundred day simple moving average of $41.42. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $45.29. The firm has a market cap of $192.21 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.16 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 (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. Analysts forecast that Comcast Co. will post 3.07 EPS for the current fiscal year.

Several analysts recently commented on the company. KeyCorp raised their price objective on Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Macquarie assumed coverage on Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective on the stock. Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. Pivotal Research reaffirmed a “buy” rating and set a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. Finally, TD Securities raised their price objective on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.44.

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, 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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