Trade Report: Today, First Business Financial Services Inc. Continues to Hold Position in Comcast Corp. (CMCSA)

Today, First Business Financial Services Inc. Continues to Hold Position in Comcast Corp. (CMCSA)

First Business Financial Services Inc. maintained its stake in Comcast Corp. (NASDAQ:CMCSA) during the third quarter, Holdings Channel reports. The firm owned 6,599 shares of the cable giant’s stock at the end of the third quarter. First Business Financial Services Inc.’s holdings in Comcast Corp. were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CMCSA. Bank of Montreal Can purchased a new stake in shares of Comcast Corp. during the second quarter valued at approximately $446,948,000. Janus Capital Management LLC boosted its stake in shares of Comcast Corp. by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock valued at $1,465,205,000 after buying an additional 4,708,325 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Comcast Corp. during the second quarter valued at approximately $275,565,000. Tesco Pension Investment Ltd purchased a new stake in shares of Comcast Corp. during the third quarter valued at approximately $168,364,000. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Comcast Corp. during the second quarter valued at approximately $103,940,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 69.16 on Friday. The firm’s 50-day moving average price is $64.84 and its 200 day moving average price is $65.06. The stock has a market cap of $165.49 billion, a P/E ratio of 20.29 and a beta of 1.08. Comcast Corp. has a one year low of $52.34 and a one year high of $69.92.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 EPS for the quarter, beating the Zacks’ 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 return on equity of 15.22% and a net margin of 10.65%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 earnings per share. Equities research analysts expect that Comcast Corp. will post $3.50 EPS for the current fiscal year.

A number of equities analysts have weighed in on CMCSA shares. Telsey Advisory Group boosted their price objective on Comcast Corp. from $75.00 to $76.50 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Jefferies Group reissued a “buy” rating and set a $77.00 price objective on shares of Comcast Corp. in a research note on Friday, October 7th. Argus reissued a “buy” rating and set a $81.00 price objective on shares of Comcast Corp. in a research note on Tuesday, September 27th. Robert W. Baird reissued an “outperform” rating and set a $70.00 price objective on shares of Comcast Corp. in a research note on Sunday, September 25th. Finally, Barclays PLC reissued an “overweight” rating and set a $70.00 price objective on shares of Comcast Corp. in a research note on Thursday, September 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $73.15.

In other news, EVP David L. Cohen sold 19,886 shares of Comcast Corp. stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $62.21, for a total value of $1,237,108.06. Following the completion of the sale, the executive vice president now owns 246,070 shares of the company’s stock, valued at $15,308,014.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 1,023 shares of Comcast Corp. stock in a transaction on Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the completion of the sale, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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