Hi Line Capital Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,319 shares of the cable giant’s stock after buying an additional 1,804 shares during the period. Comcast accounts for about 3.9% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Hi Line Capital Management LLC’s holdings in Comcast were worth $8,469,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CMCSA. Clean Yield Group bought a new position in shares of Comcast during the first quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new position in shares of Comcast during the second quarter valued at approximately $25,000. Evolution Wealth Advisors LLC bought a new position in shares of Comcast during the second quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC bought a new position in shares of Comcast during the first quarter valued at approximately $27,000. Finally, Bray Capital Advisors bought a new position in shares of Comcast during the second quarter valued at approximately $30,000. Institutional investors own 82.63% of the company’s stock.
A number of research analysts have recently commented on the company. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Pivotal Research reissued a “buy” rating and issued a $54.00 price objective on shares of Comcast in a research note on Wednesday, June 26th. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a research note on Thursday, May 30th. Morgan Stanley increased their price objective on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.97.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 3.09 EPS for the current year.
In related news, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the transaction, the director now owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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