NewSquare Capital LLC continued to hold its position in shares of Comcast Corp. (NASDAQ:CMCSA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,450 shares of the cable giant’s stock at the end of the third quarter. NewSquare Capital LLC’s holdings in Comcast Corp. were worth $362,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. DNB Asset Management AS raised its position in shares of Comcast Corp. by 42.8% in the second quarter. DNB Asset Management AS now owns 1,330,863 shares of the cable giant’s stock worth $86,759,000 after buying an additional 399,200 shares during the last quarter. Edge Wealth Management LLC raised its position in shares of Comcast Corp. by 30.1% in the second quarter. Edge Wealth Management LLC now owns 4,610 shares of the cable giant’s stock worth $301,000 after buying an additional 1,066 shares during the last quarter. Private Asset Management Inc. purchased a new position in shares of Comcast Corp. during the second quarter worth $211,000. Washington Trust Bank raised its position in shares of Comcast Corp. by 11.2% in the second quarter. Washington Trust Bank now owns 8,007 shares of the cable giant’s stock worth $522,000 after buying an additional 804 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in shares of Comcast Corp. by 2.6% in the second quarter. NEXT Financial Group Inc now owns 25,332 shares of the cable giant’s stock worth $1,651,000 after buying an additional 640 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corp. (NASDAQ:CMCSA) opened at 69.16 on Friday. Comcast Corp. has a 1-year low of $52.34 and a 1-year high of $69.92. The company has a market cap of $165.49 billion, a P/E ratio of 20.29 and a beta of 1.08. 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 (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 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, equities analysts anticipate that Comcast Corp. will post $3.50 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on CMCSA. Macquarie raised Comcast Corp. from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $69.00 to $77.00 in a research report on Monday, October 24th. Jefferies Group reiterated a “buy” rating and set a $77.00 price target on shares of Comcast Corp. in a report on Friday, October 7th. Argus reiterated a “buy” rating and set a $81.00 price target on shares of Comcast Corp. in a report on Tuesday, September 27th. Robert W. Baird reiterated an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Sunday, September 25th. Finally, Barclays PLC reiterated an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Thursday, September 22nd. One equities 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 given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $73.15.
In other Comcast Corp. news, EVP Arthur R. Block sold 1,023 shares of Comcast Corp. stock in a transaction 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 owns 47,539 shares in the company, valued at $3,125,689.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David L. Cohen sold 19,886 shares of Comcast Corp. stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $62.21, for a total value of $1,237,108.06. Following the transaction, the executive vice president now owns 246,070 shares of the company’s stock, valued at approximately $15,308,014.70. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
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.