Today, Truepoint Inc. Raises Stake in Comcast Corp. (CMCSA)

Today, Truepoint Inc. Raises Stake in Comcast Corp. (CMCSA)

Truepoint Inc. boosted its position in Comcast Corp. (NASDAQ:CMCSA) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,852 shares of the cable giant’s stock after buying an additional 31 shares during the period. Truepoint Inc.’s holdings in Comcast Corp. were worth $455,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock valued at $2,032,387,000 after buying an additional 917,751 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock valued at $1,917,895,000 after buying an additional 184,478 shares in the last quarter. BlackRock Fund Advisors raised its stake in Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock valued at $1,884,074,000 after buying an additional 748,545 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Comcast Corp. by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 26,216,689 shares of the cable giant’s stock valued at $1,709,066,000 after buying an additional 385,942 shares in the last quarter. 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 has a 50-day moving average price of $64.84 and a 200 day moving average price of $65.06. 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 price-to-earnings ratio of 20.29 and a beta of 1.08.

Comcast Corp. (NASDAQ:CMCSA) last issued its earnings results on Wednesday, October 26th. The cable giant reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company 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 firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, analysts predict that Comcast Corp. will post $3.50 EPS for the current fiscal year.

Several brokerages recently weighed in on CMCSA. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $75.00 target price (up previously from $69.00) on shares of Comcast Corp. in a research note on Monday, August 1st. Telsey Advisory Group upped their target price on Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a report on Friday, August 19th. Argus upped their target price on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 8th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 target price on shares of Comcast Corp. in a report on Thursday, September 22nd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $70.00 price objective on shares of Comcast Corp. in a research note on Sunday, September 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Comcast Corp. presently has an average rating of “Buy” and an average target price of $73.15.

In other Comcast Corp. news, EVP David L. Cohen sold 19,886 shares of Comcast Corp. stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $62.21, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David L. Cohen sold 20,100 shares of Comcast Corp. stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $65.01, for a total transaction of $1,306,701.00. Following the transaction, the executive vice president now directly owns 257,120 shares in the company, valued at approximately $16,715,371.20. 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.

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