Spectrum Management Group Inc. Acquires 4,127 Shares of Comcast Co. (NASDAQ:CMCSA)

Spectrum Management Group Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 770.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,663 shares of the cable giant’s stock after purchasing an additional 4,127 shares during the quarter. Spectrum Management Group Inc.’s holdings in Comcast were worth $197,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMCSA. Norges Bank bought a new stake in shares of Comcast in the fourth quarter worth $1,590,157,000. Nordea Investment Management AB raised its position in 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 acquiring an additional 6,960,677 shares in the last quarter. Geode Capital Management LLC raised its position in 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 acquiring an additional 5,992,911 shares in the last quarter. FMR LLC raised its position in Comcast by 3.9% during the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after acquiring an additional 4,854,006 shares in the last quarter. Finally, Boston Partners raised its position in 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 acquiring an additional 2,472,741 shares in the last quarter. 82.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CMCSA traded up $0.75 on Friday, hitting $43.10. The company had a trading volume of 6,618,550 shares, compared to its average volume of 17,552,384. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $45.29. The stock has a market cap of $197.24 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.19 and a beta of 1.08. The stock has a 50 day moving average price of $43.39 and a 200 day moving average price of $41.41. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Sell-side analysts anticipate that Comcast Co. will post 3.07 earnings per share for the current fiscal year.

In related news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares in the company, valued at $195,359.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Several analysts have issued reports on CMCSA shares. Macquarie started coverage on shares of Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target on the stock. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $54.00 in a research report on Wednesday, July 10th. KeyCorp upped their price target on shares of Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Raymond James lowered shares of Comcast from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Friday, June 14th. Finally, Barclays upped their price target on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.44.

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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