Today: The Comcast Corp. (CMCSA) Stake Held by Capital Asset Advisory Services LLC

The Comcast Corp. (CMCSA) Stake Held by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC held its position in Comcast Corp. (NASDAQ:CMCSA) during the third quarter, Holdings Channel reports. The institutional investor owned 3,145 shares of the cable giant’s stock at the end of the third quarter. Capital Asset Advisory Services LLC’s holdings in Comcast Corp. were worth $209,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. D Orazio & Associates Inc. boosted its stake 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 last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of 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. Oakworth Capital Inc. boosted its stake in shares of 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. Proficio Capital Partners LLC boosted its stake in shares of 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. Finally, Cribstone Capital Management LLC purchased a new stake in shares of Comcast Corp. during the second quarter valued at approximately $115,000. 81.99% of the stock is currently owned by institutional investors.

Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 0.29% during mid-day trading on Friday, hitting $69.16. The stock had a trading volume of 3,481,776 shares. The firm has a market cap of $165.49 billion, a PE ratio of 20.29 and a beta of 1.08. The stock has a 50 day moving average price of $64.84 and a 200 day moving average price of $65.06. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $69.92.

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

Several research firms recently weighed in on CMCSA. Jefferies Group restated a “buy” rating on shares of Comcast Corp. in a report on Friday, September 30th. Argus boosted their target price on Comcast Corp. from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Credit Suisse Group AG restated an “outperform” rating and issued a $75.00 target price (up from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. Macquarie upgraded Comcast Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $69.00 to $77.00 in a report on Monday, October 24th. Finally, Robert W. Baird restated an “outperform” rating and issued a $70.00 target price on shares of Comcast Corp. in a report on Sunday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus 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 Comcast Corp. stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $65.50, for a total value of $1,273,582.00. Following the completion of the transaction, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at approximately $16,841,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Smit sold 15,121 shares of Comcast Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the completion of the transaction, the executive vice president now directly owns 66,289 shares of the company’s stock, valued at $4,353,861.52. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.

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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