Trading Report: Today, Carderock Capital Management Inc. cuts position of Comcast Corp. (CMCSA)

Today, Carderock Capital Management Inc. cuts position of Comcast Corp. (CMCSA)

Carderock Capital Management Inc. cut its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,703 shares of the cable giant’s stock after selling 520 shares during the period. Comcast Corp. makes up about 2.3% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. Carderock Capital Management Inc.’s holdings in Comcast Corp. were worth $4,624,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. D Orazio & Associates Inc. raised its position in shares of Comcast Corp. by 5.3% in the second quarter. D Orazio & Associates Inc. now owns 1,563 shares of the cable giant’s stock valued at $102,000 after buying an additional 79 shares during the period. Thompson Davis & CO. Inc. raised its position in Comcast Corp. by 64.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,605 shares of the cable giant’s stock valued at $105,000 after buying an additional 630 shares during the last quarter. Adirondack Trust Co. raised its position in Comcast Corp. by 25.1% in the third quarter. Adirondack Trust Co. now owns 1,671 shares of the cable giant’s stock valued at $111,000 after buying an additional 335 shares during the last quarter. Oakworth Capital Inc. raised its position in Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Comcast Corp. by 80.1% in the second quarter. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant’s stock valued at $116,000 after buying an additional 758 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 1.23% during trading on Monday, reaching $68.31. The company had a trading volume of 9,783,162 shares. The stock has a market capitalization of $163.45 billion, a PE ratio of 20.04 and a beta of 1.08. Comcast Corp. has a 12 month low of $52.34 and a 12 month high of $69.92. The stock’s 50-day moving average price is $64.84 and its 200-day moving average price is $65.06.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The firm earned $21.32 billion during the quarter, compared to analyst estimates of $21.11 billion. Comcast Corp. had a return on equity of 15.22% and a net margin of 10.65%. Comcast Corp.’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. Equities analysts forecast that Comcast Corp. will post $3.50 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on CMCSA shares. Jefferies Group reaffirmed a “buy” rating on shares of Comcast Corp. in a research report on Friday, September 30th. Argus increased their price target on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $75.00 price target (up previously from $69.00) on shares of Comcast Corp. in a research report on Monday, August 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Comcast Corp. in a research report on Sunday, September 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Comcast Corp. in a research report on Thursday, September 22nd. One 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 has an average rating of “Buy” and a consensus price target of $73.15.

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

About Comcast Corp.

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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