Wedbush Securities Inc. Has $1.86 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Wedbush Securities Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,025 shares of the cable giant’s stock after buying an additional 553 shares during the period. Wedbush Securities Inc.’s holdings in Comcast were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Blue Chip Partners Inc. increased its position in Comcast by 1.3% in the 2nd quarter. Blue Chip Partners Inc. now owns 276,067 shares of the cable giant’s stock worth $11,672,000 after purchasing an additional 3,626 shares during the last quarter. Merriman Wealth Management LLC acquired a new position in Comcast in the 2nd quarter worth about $274,000. Capital Advisors Ltd. LLC increased its position in Comcast by 606.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,076 shares of the cable giant’s stock worth $88,000 after purchasing an additional 1,782 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Comcast by 12.7% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 6,266,570 shares of the cable giant’s stock worth $264,949,000 after purchasing an additional 703,821 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Comcast by 148.2% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 37,802 shares of the cable giant’s stock worth $1,598,000 after purchasing an additional 22,574 shares during the last quarter. 82.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the completion of the sale, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.35% of the stock is owned by corporate insiders.

Several brokerages have weighed in on CMCSA. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. KeyCorp upped their target price on Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Pivotal Research reiterated a “buy” rating and set a $54.00 price target on shares of Comcast in a research note on Wednesday, June 26th. Rosenblatt Securities assumed coverage on Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 price target for the company. Finally, Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $54.00 in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.44.

Shares of CMCSA traded up $0.21 during trading hours on Wednesday, hitting $42.67. 3,680,349 shares of the company were exchanged, compared to its average volume of 18,792,693. The company has a market capitalization of $194.84 billion, a P/E ratio of 16.73, a PEG ratio of 1.18 and a beta of 1.08. The company’s 50 day simple moving average is $43.39. Comcast Co. has a 52 week low of $32.61 and a 52 week high of $45.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The firm’s revenue was up 23.6% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 3.07 earnings per share for the current year.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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