Pacer Advisors Inc. Has $25.32 Million Stake in Comcast Co. (CMCSA)

Pacer Advisors Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 40,136.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 633,318 shares of the cable giant’s stock after purchasing an additional 631,744 shares during the quarter. Comcast accounts for 0.7% of Pacer Advisors Inc.’s holdings, making the stock its 16th biggest holding. Pacer Advisors Inc.’s holdings in Comcast were worth $25,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. grew its position in Comcast by 26.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock valued at $184,000 after acquiring an additional 1,117 shares during the last quarter. National Asset Management Inc. grew its position in Comcast by 5.3% in the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock valued at $1,906,000 after acquiring an additional 2,831 shares during the last quarter. Haverford Trust Co. grew its position in Comcast by 0.3% in the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock valued at $105,904,000 after acquiring an additional 8,001 shares during the last quarter. Lee Capital Holdings LLC grew its position in Comcast by 352.0% in the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock valued at $919,000 after acquiring an additional 21,026 shares during the last quarter. Finally, Arjuna Capital grew its position in Comcast by 4.6% in the 4th quarter. Arjuna Capital now owns 26,035 shares of the cable giant’s stock valued at $886,000 after acquiring an additional 1,149 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMCSA stock opened at $43.08 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.79 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $200.09 billion, a PE ratio of 16.89, a PEG ratio of 1.20 and a beta of 1.10. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $43.96.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. Research analysts anticipate that Comcast Co. will post 2.87 EPS for the current year.

In related news, EVP David L. Cohen sold 4,467 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $41.88, for a total transaction of $187,077.96. Following the sale, the executive vice president now directly owns 252,566 shares of the company’s stock, valued at $10,577,464.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David L. Cohen sold 275,746 shares of the firm’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 sale, the executive vice president now directly owns 650,656 shares in the company, valued at $24,080,778.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,293,848 shares of company stock worth $49,468,366. 1.31% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday. Nomura upped their target price on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. KeyCorp upped their target price on Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Barclays upped their target price on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $44.95.

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About Comcast

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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