Sonora Investment Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 48.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,907 shares of the cable giant’s stock after purchasing an additional 1,607 shares during the period. Sonora Investment Management LLC’s holdings in Comcast were worth $266,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings in shares of Comcast by 13.2% during the 1st quarter. Lindbrook Capital LLC now owns 9,161 shares of the cable giant’s stock worth $496,000 after acquiring an additional 1,065 shares during the period. James Hambro & Partners raised its holdings in Comcast by 28.3% in the first quarter. James Hambro & Partners now owns 971,583 shares of the cable giant’s stock valued at $52,587,000 after buying an additional 214,545 shares during the period. WASHINGTON TRUST Co raised its holdings in Comcast by 1.8% in the first quarter. WASHINGTON TRUST Co now owns 340,040 shares of the cable giant’s stock valued at $18,400,000 after buying an additional 5,920 shares during the period. Legacy Financial Advisors Inc. raised its holdings in Comcast by 3.5% in the first quarter. Legacy Financial Advisors Inc. now owns 8,642 shares of the cable giant’s stock valued at $468,000 after buying an additional 292 shares during the period. Finally, Delta Asset Management LLC TN raised its holdings in Comcast by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 798,840 shares of the cable giant’s stock valued at $43,225,000 after buying an additional 3,217 shares during the period. Institutional investors own 82.56% of the company’s stock.
In related news, CEO Brian L. Roberts sold 709,673 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $55.20, for a total transaction of $39,173,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.17. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The company had revenue of $27.21 billion during the quarter, compared to the consensus estimate of $26.83 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts forecast that Comcast Co. will post 2.54 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Benchmark raised their price target on shares of Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. They noted that the move was a valuation call. Evercore ISI raised their price target on shares of Comcast from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday. Wells Fargo & Company initiated coverage on shares of Comcast in a research report on Monday, March 22nd. They set an “underweight” rating and a $48.00 price target for the company. Pivotal Research lifted their price objective on shares of Comcast from $65.00 to $70.00 in a report on Friday. Finally, Cowen raised shares of Comcast from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $60.00 in a report on Wednesday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $61.75.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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