WASHINGTON TRUST Co raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 340,040 shares of the cable giant’s stock after purchasing an additional 5,920 shares during the quarter. WASHINGTON TRUST Co’s holdings in Comcast were worth $18,400,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Bogart Wealth LLC boosted its holdings in shares of Comcast by 274.7% in the first quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Arlington Partners LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $30,000. Sterling Financial Planning Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at about $32,000. McCarthy Asset Management Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at about $34,000. Finally, ADE LLC purchased a new stake in shares of Comcast in the fourth quarter valued at about $37,000. Institutional investors own 82.56% of the company’s stock.
In related news, CEO Brian L. Roberts sold 709,673 shares of the firm’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.14% of the company’s stock.
Several brokerages have recently weighed in on CMCSA. Macquarie lifted their target price on shares of Comcast from $53.00 to $58.00 in a report on Thursday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday. Raymond James boosted their price objective on shares of Comcast from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Credit Suisse Group boosted their price objective on shares of Comcast from $61.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.75.
CMCSA opened at $56.57 on Tuesday. Comcast Co. has a 1-year low of $34.17 and a 1-year high of $58.58. The stock’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $51.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market cap of $259.13 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.17. The firm had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. Equities analysts forecast that Comcast Co. will post 2.54 earnings per share for the current year.
Comcast Company 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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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