Addenda Capital Inc. Boosts Holdings in Comcast Co. (CMCSA)

Addenda Capital Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 51.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,214 shares of the cable giant’s stock after acquiring an additional 21,400 shares during the quarter. Addenda Capital Inc.’s holdings in Comcast were worth $2,528,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Acima Private Wealth LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $30,000. Ironwood Financial llc bought a new position in shares of Comcast in the fourth quarter worth approximately $32,000. IMS Capital Management bought a new position in shares of Comcast in the third quarter worth approximately $38,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Comcast in the fourth quarter worth approximately $46,000. 81.15% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $40.36, for a total transaction of $37,090.84. Following the sale, the chief accounting officer now owns 3,453 shares in the company, valued at approximately $139,363.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David N. Watson sold 201,007 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the sale, the executive vice president now owns 817,992 shares in the company, valued at approximately $31,337,273.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,293,848 shares of company stock worth $49,468,366. 1.31% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on CMCSA. Nomura raised their target price on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Securities raised their target price on shares of Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 24th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Macquarie upgraded shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Tuesday, April 9th. Finally, BidaskClub cut shares of Comcast from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.45.

NASDAQ:CMCSA opened at $41.85 on Thursday. The firm has a market capitalization of $194.37 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.19 and a beta of 1.10. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $42.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, analysts predict that Comcast Co. will post 2.84 earnings per share for the current fiscal year.

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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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