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.
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.
ILLEGAL ACTIVITY WARNING: “Addenda Capital Inc. Boosts Holdings in Comcast Co. (CMCSA)” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/25/addenda-capital-inc-boosts-holdings-in-comcast-co-cmcsa.html.
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.
Featured Article: What are popular range trading strategies?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.