W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,567 shares of the cable giant’s stock after acquiring an additional 2,442 shares during the quarter. Comcast accounts for about 2.3% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 10th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Comcast were worth $10,087,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CMCSA. Nordea Investment Management AB boosted its position in shares of Comcast by 67.5% during the first 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 position in shares of Comcast by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares during the period. Boston Partners boosted its position in shares of Comcast by 7.8% during the first quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock worth $1,371,169,000 after buying an additional 2,472,741 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Comcast by 52.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,424,504 shares of the cable giant’s stock worth $228,465,000 after buying an additional 1,862,621 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of Comcast by 14,280.6% during the second quarter. Wedge Capital Management L L P NC now owns 1,034,829 shares of the cable giant’s stock worth $43,753,000 after buying an additional 1,027,633 shares during the period. Institutional investors own 82.85% of the company’s stock.
Several research analysts recently commented on CMCSA shares. Barclays increased their price target on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target for the company in a research report on Thursday, May 30th. Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Cfra set a $50.00 price target on Comcast and gave the company a “buy” rating in a research report on Wednesday. Finally, BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.25.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The company had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 3.08 EPS for the current year.
In other news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now owns 4,712 shares in the company, valued at $195,359.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.35% of the stock is currently owned by company insiders.
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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