Comcast Corporation $CMCSA Shares Acquired by SOL Capital Management CO

SOL Capital Management CO grew its holdings in Comcast Corporation (NASDAQ:CMCSA – Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,779 shares of the cable giant’s stock after buying an additional 39,589 shares during the quarter. SOL Capital Management CO’s holdings in Comcast were worth $3,461,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Comcast by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the period. State Street Corp lifted its holdings in shares of Comcast by 4.6% in the 3rd quarter. State Street Corp now owns 180,687,135 shares of the cable giant’s stock valued at $5,677,190,000 after buying an additional 7,917,335 shares during the period. Dodge & Cox increased its stake in Comcast by 1.2% in the 3rd quarter. Dodge & Cox now owns 112,567,918 shares of the cable giant’s stock valued at $3,536,884,000 after purchasing an additional 1,295,598 shares in the last quarter. Capital Research Global Investors increased its stake in Comcast by 46.1% in the 3rd quarter. Capital Research Global Investors now owns 33,706,330 shares of the cable giant’s stock valued at $1,059,053,000 after purchasing an additional 10,633,206 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Comcast by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 24,104,774 shares of the cable giant’s stock valued at $757,372,000 after purchasing an additional 686,520 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. BNP Paribas Exane dropped their price objective on Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada raised their price objective on Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Scotiabank raised their price objective on Comcast from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. TD Cowen dropped their price objective on Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.94.

Check Out Our Latest Stock Analysis on Comcast

Comcast Stock Performance

Comcast stock opened at $27.64 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $29.58 and a two-hundred day moving average of $29.03. The company has a market capitalization of $99.46 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 2.22 and a beta of 0.80. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $36.66.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.Comcast’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. On average, analysts anticipate that Comcast Corporation will post 3.57 EPS for the current fiscal year.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Comcast Company Profile

(Free Report)

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.

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