Boston Research & Management Inc. lifted its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,356 shares of the cable giant’s stock after buying an additional 251 shares during the period. Comcast makes up about 1.4% of Boston Research & Management Inc.’s investment portfolio, making the stock its 27th biggest position. Boston Research & Management Inc.’s holdings in Comcast were worth $5,000,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Kalos Management Inc. purchased a new position in Comcast during the first quarter valued at $28,000. NewSquare Capital LLC lifted its position in Comcast by 134.3% during the first quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock valued at $29,000 after purchasing an additional 431 shares in the last quarter. GW&K Investment Management LLC purchased a new position in Comcast during the first quarter valued at $29,000. Caldwell Sutter Capital Inc. lifted its position in Comcast by 852.1% during the second quarter. Caldwell Sutter Capital Inc. now owns 695 shares of the cable giant’s stock valued at $29,000 after purchasing an additional 622 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Comcast during the fourth quarter valued at $29,000. 82.85% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Stock Down 0.5 %
Shares of NASDAQ:CMCSA opened at $42.86 on Friday. Comcast Co. has a 52-week low of $30.04 and a 52-week high of $47.46. The stock has a market cap of $176.80 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. The business’s 50 day moving average is $45.03 and its 200 day moving average is $42.36. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.12.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. Comcast had a return on equity of 19.79% and a net margin of 5.40%. The company had revenue of $30.51 billion for the quarter, compared to analysts’ expectations of $30.11 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Comcast’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 3.81 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CMCSA shares. Bank of America boosted their price objective on Comcast from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Macquarie upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price objective on the stock in a research report on Friday, July 28th. Wells Fargo & Company boosted their price objective on Comcast from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Loop Capital boosted their price objective on Comcast from $50.00 to $53.00 in a research report on Friday, July 28th. Finally, KeyCorp lifted their target price on Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.96.
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Comcast Company Profile
(Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, advertising sales, and Sky channels.
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