Robertson Stephens Wealth Management LLC Boosts Stock Position in Comcast Corporation $CMCSA

Robertson Stephens Wealth Management LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 63.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,175 shares of the cable giant’s stock after buying an additional 19,812 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Comcast were worth $1,530,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CMCSA. Capital Research Global Investors increased its holdings in Comcast by 46.1% during the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock worth $1,059,053,000 after purchasing an additional 10,633,206 shares during the period. State Street Corp increased its holdings in Comcast by 4.6% during the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock worth $5,677,190,000 after purchasing an additional 7,917,335 shares during the period. SG Americas Securities LLC increased its holdings in Comcast by 2,970.5% during the 4th quarter. SG Americas Securities LLC now owns 7,394,728 shares of the cable giant’s stock worth $221,028,000 after purchasing an additional 7,153,895 shares during the period. Two Sigma Investments LP increased its holdings in Comcast by 1,356.2% during the 3rd quarter. Two Sigma Investments LP now owns 6,556,098 shares of the cable giant’s stock worth $205,993,000 after purchasing an additional 6,105,867 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its holdings in Comcast by 554.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 5,005,158 shares of the cable giant’s stock worth $178,634,000 after purchasing an additional 4,240,876 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.32% of the company’s stock.

Comcast Stock Up 0.5%

Shares of NASDAQ CMCSA opened at $27.17 on Friday. Comcast Corporation has a 52-week low of $25.75 and a 52-week high of $36.66. The business has a 50-day moving average price of $29.39 and a 200 day moving average price of $29.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $97.04 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 2.19 and a beta of 0.71.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts forecast that Comcast Corporation will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen cut their price target on Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Zacks Research upgraded Comcast from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.94.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.