Koshinski Asset Management Inc. lifted its position in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,277 shares of the cable giant’s stock after purchasing an additional 11,693 shares during the period. Koshinski Asset Management Inc.’s holdings in Comcast were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter worth $30,000. McClarren Financial Advisors Inc. raised its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Comcast
Comcast Stock Up 1.1 %
Shares of NASDAQ:CMCSA opened at $36.97 on Wednesday. The business has a fifty day simple moving average of $39.81 and a 200 day simple moving average of $40.18. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market cap of $141.47 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.
Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. Analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.
Comcast Company Profile
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.
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