Today, Comcast Corp. (CMCSA) Stake Increased by Klingenstein Fields & Co. LLC

Today, Comcast Corp. (CMCSA) Stake Increased by Klingenstein Fields & Co. LLC
Klingenstein Fields & Co. LLC raised its stake in Comcast Corp. (NASDAQ:CMCSA) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 830,226 shares of the cable giant’s stock after buying an additional 1,080 shares during the period. Comcast Corp. makes up about 2.5% of Klingenstein Fields & Co. LLC’s portfolio, making the stock its 7th largest position. Klingenstein Fields & Co. LLC’s holdings in Comcast Corp. were worth $55,077,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Comcast Corp. by 0.6% in the second quarter. Tortoise Investment Management LLC now owns 2,244 shares of the cable giant’s stock worth $146,000 after buying an additional 13 shares during the period. Bangor Savings Bank increased its position in Comcast Corp. by 0.7% in the second quarter. Bangor Savings Bank now owns 5,118 shares of the cable giant’s stock worth $333,000 after buying an additional 34 shares during the period. Community Bank N.A. increased its position in Comcast Corp. by 0.3% in the third quarter. Community Bank N.A. now owns 16,260 shares of the cable giant’s stock worth $1,079,000 after buying an additional 56 shares during the period. SSI Investment Management Inc. increased its position in Comcast Corp. by 1.2% in the second quarter. SSI Investment Management Inc. now owns 4,888 shares of the cable giant’s stock worth $318,000 after buying an additional 59 shares during the period. Finally, Cypress Wealth Advisors LLC increased its position in Comcast Corp. by 1.0% in the second quarter. Cypress Wealth Advisors LLC now owns 6,676 shares of the cable giant’s stock worth $435,000 after buying an additional 63 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corp. (NASDAQ:CMCSA) remained flat at $68.96 during midday trading on Thursday. The company had a trading volume of 9,431,490 shares. The stock has a 50-day moving average price of $64.77 and a 200 day moving average price of $65.00. The firm has a market capitalization of $165.01 billion, a P/E ratio of 20.23 and a beta of 1.08. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $69.92.

Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. The business earned $21.32 billion during the quarter, compared to the consensus estimate of $21.11 billion. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, equities analysts expect that Comcast Corp. will post $3.50 earnings per share for the current fiscal year.

A number of analysts recently weighed in on CMCSA shares. RBC Capital Markets reiterated an “outperform” rating and set a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a research note on Thursday, July 28th. Jefferies Group increased their price target on shares of Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Pacific Crest increased their price target on shares of Comcast Corp. from $65.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Telsey Advisory Group raised their target price on shares of Comcast Corp. from $75.00 to $76.50 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Finally, Royal Bank Of Canada raised their target price on shares of Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $73.15.

In other Comcast Corp. news, EVP David L. Cohen sold 19,444 shares of the business’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $65.50, for a total transaction of $1,273,582.00. Following the sale, the executive vice president now owns 257,120 shares in the company, valued at approximately $16,841,360. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the sale, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.

Comcast Corp. Company Profile

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