Carroll Financial Associates Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,462 shares of the cable giant’s stock after acquiring an additional 4,245 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Comcast were worth $949,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $25,000. Mackey Komara & Dankovich LLC purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $27,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $46,000. Catamount Wealth Management purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $52,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 82.66% of the company’s stock.
In other Comcast news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the 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 prior year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 3.07 earnings per share for the current year.
A number of equities research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities started coverage on shares of Comcast in a research note on Friday, June 14th. They issued 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 boosted their price target for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. KeyCorp boosted their price target on shares of Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Pivotal Research reissued a “buy” rating and issued a $54.00 price target on shares of Comcast in a research note on Wednesday, June 26th. Finally, TD Securities boosted their price target on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.44.
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.
Further Reading: How analysts view the yield curve
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.