Tandem Investment Advisors Inc. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 113.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,421 shares of the cable giant’s stock after purchasing an additional 224,981 shares during the period. Comcast comprises 3.7% of Tandem Investment Advisors Inc.’s holdings, making the stock its 8th largest position. Tandem Investment Advisors Inc.’s holdings in Comcast were worth $16,928,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Acima Private Wealth LLC purchased a new position in shares of Comcast during the 4th quarter valued at $25,000. Litman Gregory Asset Management LLC bought a new stake in shares of Comcast during the 4th quarter valued at $30,000. Ironwood Financial llc bought a new stake in shares of Comcast during the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Comcast during the 4th quarter valued at $46,000. Finally, Truvestments Capital LLC bought a new stake in shares of Comcast during the 1st quarter valued at $58,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CMCSA opened at $43.29 on Friday. The stock has a market capitalization of $201.06 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $43.96.
A number of analysts recently issued reports on CMCSA shares. KeyCorp boosted their price objective on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. TD Securities boosted their price objective on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Morgan Stanley boosted their price objective on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $44.65.
In other Comcast news, EVP David L. Cohen sold 275,746 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total value of $10,205,359.46. Following the transaction, the executive vice president now directly owns 650,656 shares in the company, valued at approximately $24,080,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 1,038 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total value of $43,596.00. Following the completion of the transaction, the senior vice president now owns 3,707 shares in the company, valued at $155,694. The disclosure for this sale can be found here. Insiders sold a total of 1,751,481 shares of company stock worth $69,306,756 over the last 90 days. Corporate insiders own 1.31% 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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