Comcast Co. (NASDAQ:CMCSA) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,025 shares of the cable giant’s stock after purchasing an additional 4,935 shares during the quarter. Comcast accounts for 0.5% of V Square Quantitative Management LLC’s investment portfolio, making the stock its 24th biggest holding. V Square Quantitative Management LLC’s holdings in Comcast were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC increased its position in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the period. First Hawaiian Bank boosted its position in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares in the last quarter. BNP Paribas purchased a new stake in shares of Comcast during the 1st quarter worth approximately $4,117,000. Douglas Lane & Associates LLC raised its holdings in shares of Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the last quarter. Finally, American National Bank & Trust Co. VA purchased a new stake in shares of Comcast in the first quarter valued at $426,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Pivotal Research reduced their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.55.

Comcast Stock Down 0.0 %

Comcast stock traded down $0.01 during midday trading on Friday, hitting $42.22. The stock had a trading volume of 2,856,188 shares, compared to its average volume of 19,531,467. The business has a fifty day moving average price of $40.24 and a 200 day moving average price of $39.47. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market cap of $165.66 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Research analysts predict that Comcast Co. will post 4.23 EPS for the current year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.