Omnia Family Wealth LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,807 shares of the cable giant’s stock after acquiring an additional 756 shares during the quarter. Omnia Family Wealth LLC’s holdings in Comcast were worth $457,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CMCSA. Nordea Investment Management AB raised its stake in Comcast by 67.5% during the 1st quarter. Nordea Investment Management AB now owns 17,274,883 shares of the cable giant’s stock worth $690,651,000 after buying an additional 6,960,677 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Comcast by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after buying an additional 5,992,911 shares in the last quarter. Boston Partners boosted its holdings in shares of Comcast by 7.8% in the 1st quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock valued at $1,371,169,000 after buying an additional 2,472,741 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Comcast by 52.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,424,504 shares of the cable giant’s stock valued at $228,465,000 after buying an additional 1,862,621 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Comcast by 14,280.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,034,829 shares of the cable giant’s stock valued at $43,753,000 after buying an additional 1,027,633 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on CMCSA. Macquarie began coverage on Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective for the company. Wells Fargo & Co started coverage on Comcast in a research report on Tuesday. They issued an “outperform” rating and a $50.00 price objective on the stock. Raymond James lowered Comcast from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $54.00 in a research report on Wednesday, July 10th. Finally, TD Securities increased their price objective on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.42.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Zacks’ 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 net margin of 11.64% and a return on equity of 17.50%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Comcast Co. will post 3.08 EPS for the current year.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the sale, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the sale, the senior vice president now directly owns 4,712 shares in the company, valued at approximately $195,359.52. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
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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